Regional asset growth outstripping in-house expertise

Asian institutional investors may be increasing the proportion of money they manage in-house, but the growth of their assets is outstripping their ability to build up their investment capabilities, according to Cerulli Associates. As a result, third-party asset managers will continue to receive significant allocations, finds a report released yesterday by the research house. Korea’s National Pension Service (NPS), for example, began managing overseas equities internally in 2010. …