Asia

Credit Suisse Group AG, which sold its Japanese asset management unit in June, will offer alternative investments including private-equity funds to attract the nation's US$800bn in pension money.

SINGAPORE - The Government of Singapore Investment Corp. (GIC) reported losses of 20% on its investments today for the year ended March 31, but said it has since recovered half of the year's losses on the back of rising equity markets.

INDIA - The board of the Pension Regulatory Fund Development Authority (PFRDA) yesterday approved a proposal to manage companies' pension pots, said executive director Rani Nair.

SINGAPORE - The Government of Singapore Investment Corp. (GIC) yesterday said it made a US$1.6bn profit on its $6.88bn investment in troubled bank Citigroup.

JAPAN - The country's Government Pension Investment Fund (GPIF) returned 3.89% in the quarter ending June 30, it's first positive quarter since the same time last year.

SOUTH KOREA - Former president and chief executive of the South Korean National Pension Service (NPS) Ho Shik Kim has joined the board of Darby Overseas Investments, the private equity arm of Franklin Templeton Investments.

BRAZIL - The Canada Pension Plan Investment Board (CPPIB) and the Government of Singapore Investment Corporation (GIC) have teamed up with a Brazilian real estate developer to build a portfolio of commercial real estate properties.

Despite having the second highest public debt in the world and taking a significant beating in the economic downturn, Japan's investment community is looking ahead to long-term investment, as Rachel Alembakis reports

While already successful in its native Japan, Nomura Asset Management is looking to expand on a global scale, but are they looking before they leap? Raquel Pichardo-Allison reports

JAPAN - Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry.