sovereign wealth fund

Head of alternative assets at the Brunei Investment Agency (BIA), Su Tengah, speaks exclusively to FinanceAsia about how asset owners can boost returns through alternative allocation, and how the sovereign wealth fund fosters a culture of diversity and inclusion as she embarks on a newly expanded role.

Charon Wardini Mokhzani, CIMB’s group deputy CEO with responsibility for investment banking, will join the Malaysian sovereign wealth fund in early November.

Meanwhile, the Singapore sovereign wealth fund pares exposure to Europe and the US, citing an uncertain long-term outlook.

Asian SWFs have overtaken Middle East government investment arms as the largest acquirers of assets this year, and the biggest increase in spending is in the natural resources sector.

But sovereign wealth funds can help rebuild economies, assuming capital markets remain open, says Tony Tan of the Government of Singapore Investment Corporation.

Under a government panel proposal, the fund would use government pension fund assets, rather than foreign exchange reserves, to boost returns.