A Malaysian pension company is looking into setting up a London office for investment purposes.
Kumpulan Wang Persaraan are considering setting up a London office for equity investment reasons, as they look to expand their overseas assets.
Maylasian Pension fund company Kumpulan Wang Persaraan is looking into the idea of setting up an office in London to tap into equity investment, according to a statement by the company’s executive officer Datuk Azian Mohd Noh.
Azian said KWAP had invested in different asset classes such as Government bonds and securities, as well as private debt securities and alternative funds. The company was looking at the possibility of a London office.
KWAP have so far invested mostly overseas in real estate, property and private equity funds in London, Australia, Indonesia, Thailand and India.
Commenting on the proposals Azian said: “We have to look at diversifying as our funds are really big. At the same time, we are very mindful of the current global economic conditions, and the risk that comes with it.”
As KWAP works with pension funds, some critics claim it will need to be conservative in its investment strategies, as a bigger allocation is needed for fixed income to finance pension liabilities.
“We will consider increasing our equity market base if there is a need to do so, as we are looking into risk appetite, too,” she said, adding that this was the challenge KWAP was facing as the equity and fixed income markets were moving in the same direction.