| Growing allocations to alternatives and multiasset strategies have left the sovereign wealth funds and national pension plans that dominate Asia's institutional investor landscape relying more on external money managers to manage their portfolios.
China Investment Corp. reported external managers overseeing 67.2% of the Beijing-based fund's more than US$200 billion international portfolio as of Dec. 31, up from 63.8% the year before. Korea's National Pension Service said 33.8% of its 442 trillion won (US$436 billion) investment portfolio was outsourced to external managers as of Dec. 31, up from 30.9% the year before...............................................Full Article: Source
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