Scoop from @echowonghk @principal exits $800 million Hong Kong pension business. A key reason for exiting the ORSO operation is to cut costs of providing such customized services in an area of business where assets are shrinking

China Investment Corp., the nation’s $1.3 trillion sovereign wealth fund, is close to finalizing the sale of about $1 billion in US private equity stakes following a temporary pause in the deal, according to people familiar with the matter

The National University of Singapore is divesting at least $500 million in private equity and real estate funds to manage liquidity and rebalance its China exposure, according to sources

Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension fund’s private equity unit as it reassesses its strategy

The Hong Kong Jockey Club has sold $1 billion worth of assets from its fund portfolio at a discount to Toronto-based Dawson Partners, according to sources, marking one of the biggest disposals by an asset allocator in Asia

Singapore sovereign wealth fund GIC is looking to offload some of its private equity fund stakes, continuing to utilize the booming secondaries market to manage its portfolio

As global investors gathered in Singapore’s bars and ballrooms for a series of conferences and annual general meetings this month, Northstar was raised as an exemplar of Asia’s steep challenges https://t.co/weG4HlsDgj @Davidramli @oliviapohtech @DextLow @echowonghk

One of Taiwan’s largest pension funds has guided outside firms against using Hong Kong-registered entities to manage its money, underscoring the challenges facing the financial hub as it deepens ties with mainland China https://t.co/zMjc82gG2R @echowonghk

Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital https://t.co/HLDL2v78H4 @echowonghk

China’s largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country’s startups in a signal of renewed global investor interest in areas from AI to toys. https://t.co/QUg3IIlyT0 @pingroma @echowonghk

The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone and other buyout firms https://t.co/tpykbhXC37 @echowonghk

Hong Kong’s pension fund managers have formed a preliminary plan to sell down their Treasury holdings within as soon as three months if the US loses its last recognized top credit rating, according to people familiar with the matter.

A venture capital fund backed by Fidelity Investments’ billionaire Johnson family plans to unload its Chinese technology holdings amid heightened tensions between Beijing and Washington https://t.co/ZqBMczt4uJ scoop by @echowonghk

Some Hong Kong user migrating to eMPF for the $166 billion pension system have experienced glitches, raising concerns over the platform’s reliability as the service enters a key phase of adding users https://t.co/ePUQnUODHD @ShawnaKwan @echowonghk

Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (@echowonghk / Bloomberg) https://t.co/lp1TC34eEA https://t.co/ES4vwk29zl https://t.co/ZOzeer1FAj

Hong Kong’s pension fund managers are sounding the alarm of potential forced selling on their Treasury holdings after a downgrade by Moody’s Ratings of US debt, according to people familiar with the matter https://t.co/ven1bN2Tsv @greg_ritchie @echowonghk

A US Treasury delegation met with Hong Kong banks to warn them against facilitating Iran oil shipments to China in April, according to people familiar with the matter. https://t.co/s58GVAYAo4 @echowonghk @DeniseWee1

Life insurers in Japan and Taiwan are staring down billions of dollars in paper losses from market turmoil triggered by reactions to Donald Trump’s policies https://t.co/o2jA9LeweZ @BeiHu1 @echowonghk + Nao Sano

Nan Fung Trinity, the financial investment and family office arm of Hong Kong conglomerate Nan Fung Group, is planning to set up an office in New York https://t.co/BfDMVyOpE8 @echowonghk

Dartmouth College’s president said proposals to hike endowment taxes threaten the school’s research capabilities and its ability to enroll the best students https://t.co/cNbXbMYeoF via @bpolitics @echowonghk @diana_k16