Board also reallocates $1 billion within its portfolio.
Low energy prices have contributed to a lack of pickup in inflation, while concerns about Chinese growth have abated, Credit Suisse reports.
Fund would be the largest ever to focus on the region and comes as rivals raise megafunds.
Plan earns $851 million in fiscal 2017.
Managers see increase in negotiating leverage as investors flock to asset class.
In addition, Credit Suisse survey shows more than 70% of institutional investor portfolios incorporate hurdle rates and founder’s share class structures.
The proportion of self-employed workers in the UK continues to grow.
The 10th-largest US public pension fund reported solid Q2 results just last week.
Firms’ short-term cash holdings have moved away from money-market prime funds towards government funds.
Many see US equity valuations as stretched, and emerging markets offering the most opportunities in the next few years.
Fund’s new investment model emphasizes active management over indexing.
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
Says US fiscal policy will be less expansionary than previously assumed.