Market Views: How should instos approach investment insourcing?
The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
The number of asset owners looking to insource investment management and reduce their use of external fund houses by building in-house teams is rising in Asia, as it is globally.
Australian superannuation funds, such as AustralianSuper, have been moving aggressively in this direction in recent years, and the trend has become more prominent generally in the persistently low-yield environment.
For pension funds, sovereign wealth funds, insurance firms and other institutions, improving internal investment capabilities holds the prospect of major benefits: reducing costs, increasing control over assets and therefore risk, and developing a stronger pipeline of investment opportunities through partners.
The growing appetite among asset owners to bring portfolio management in-house is understandable, but the talent pool is already tight in Asia – and getting tighter.
TorQuest acquires Canada cold storage giant VersaCold
Private equity firm partners with pension funds IMCO and OPTrust 867 1 minute read VersaCold has a fleet of over 500 trucks in addition to over 30 cold storage facilities across Canada. (Photo: VersaCold Logistics Services)
Private equity firm TorQuest Partners has acquired VersaCold Logistics Services, one of Canada’s largest cold storage and logistics companies, in a deal that reflects the strong growth opportunities in the Canadian market.
Toronto-based TorQuest, in partnership with the Canadian pension funds Investment Management Corporation of Ontario (IMCO) and OPTrust, purchased VersaCold from KingSett Capital and Ivanhoe Cambridge. The price and terms were not disclosed for the transaction, which was announced on Wednesday.