CPIC picks five managers for $500m multi-asset mandate
The big Chinese insurer is about to fund its first global multi-asset portfolio, as chief investment officer Ben Deng continues a strategy revamp and eyes more foreign exposure.
China Pacific Insurance Company is understood to have awarded a $500 million mandate, split among five fund houses, to manage its first global multi-asset portfolio as it continues to revamp its investment allocation and strategy.
Two of the firms chosen by CPIC in December are Aberdeen Standard Investments and JP Morgan Asset Management, said well-placed sources. The duo – both well-established multi-asset managers – declined to comment.
“We are going into global multi-asset st…
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