From the Wall Street Journal-
Church Pension Fund, the US$8 billion pension fund serving the Episcopal Church, has hired Eric Mason, formerly of Carlyle Group, to open a new Hong Kong office, people familiar with the situation said Wednesday.
The Hong Kong office is Church Pension Fund's first in Asia. Mason will be working with the fund's New York investment team looking at all asset classes including private equity, real estate and hedge fund investments in Asia, said one source.
He will report to William Cobb, the former vice chairman of J.P. Morgan Investment Management Inc., who is now the Church Pension Fund's chief investment officer, the source said.
Church Pension Fund, based in New York City, has been increasing its overseas private equity investments since the early 1990s. According to its Web site, it invests about 10% of its portfolio in private equity, 10% in real estate and inflation hedging assets and 10% in hedge funds, including distressed debt and merger arbitrage.
The move to Asia comes as endowments and pension funds have become more visible in the region. The Canadian Pension Plan Investment Board, for instance, opened an office in Hong Kong last year to look for deals. Pension funds and endowments typically buy into other funds, which is Church Pension Fund's approach.
The rest is here
http://online.wsj.com/article/BT-CO-20090408-700048.html
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