ASIA - Norges Bank Investment Management plans to open an Asian office this year, with CEO Knut Kjær confirming Shanghai as the preferred destination.
NBIM - manager of the €180bn Global, Europe's largest pension fund - claimed the firm’s continued growth meant there was a need for a presence in Asia.
“Having an office there would better enable us to keep a eye on external managers, do market research and build up more of a local presence,” said Kjær.
He stressed the decision to move was not part of a strategic shift towards Asian markets, but rather a desire to have a presence in all markets.
“We hope to do so this year,” said Kjær. “We are looking at Shanghai. That is our preferred location, but it is not set in stone.”
NBIM currently has offices in Oslo, London and New York.
Aon head of DC investment advisory Chris Inman explores the many uses of illiquid assets in pension portfolios.
This week's edition of Professional Pensions is out now.
NEST will work with RepRisk and Sustainalytics to identify emerging ESG risks and screen out certain assets from its members' portfolios, the master trust has announced.
PP's Pension Prophets panel - Roger Mattingly, Robin Ellison, Jennie Kreser and Malcolm McLean - will be speaking at PBUK on 25 June. Jonathan Stapleton asks them what's on their mind ahead of the event.