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Institutions & Pensions

Labour Pension Fund awards overseas mandates

Taiwan’s Labour Pension Fund has awarded four fund management companies mandates to run its global equities and global fixed-income portfolios. Templeton and AllianceBerstein have scored big wins, each securing mandates to manage portfolios of $250 million each. Those mandates are good for four years, with an option to renew. Goldman Sachs Asset Management received a mandate to run a global fixed-income portfolio while Newton... Read the whole story

By Liz Mak | 08 May 2008

People Moves

Prudential hires Arne Lindman as Asia fund CEO

Lindman will take over from Alan Wren who has served as interim CEO since Ajay Srinivasan left Prudential in June 2007 to join the Aditya Birla Group in Mumbai. More

By Rita Raagas De Ramos | 08 May 2008

People Moves

Ping An poaches CEO of First State Cinda

Li Kenan has resigned from First State Cinda to be reunited with ex-CEO of Colonial First State John Pearce in the Ping An Group. More

By Liz Mak | 08 May 2008

Markets & Regulation

Southeast Asian mutual fund assets total $84 billion

Cerulli Associates expects mutual fund assets in Southeast Asia to grow 17% annually over the next five years, a brisk pace compared to the more developed mutual fund markets but slower than their 31.4% growth in the 2002-2007 period. More

By Rita Raagas De Ramos | 08 May 2008

Alternative Investments

Final extension for AsiaPharm takeover set for May 22

MBK Partners stands firm on its takeover offer which, as of April 30, had been accepted by 77.19% of AsiaPharm’s shareholders. Templeton remains opposed to the deal. More

By Rita Raagas De Ramos | 07 May 2008

Investors turn to equities amid global uncertainty

Principal Global Investors CEO Jim McCaughan says the traditional home bias and preference for fixed-income instruments is giving way to cross-border trends. More

Upgrading Taiwanese real estate

From AsianInvestor magazine: Both global private-equity players and Taiwan’s institutional investors are keen on domestic property allocations, which now compare favourably to real-estate investments in mainland China. More

People Moves

Luca Frontini ousted as CEO of Lombarda China

Shareholders of the China fund JV vote to remove Frontini as CEO but the circumstances surrounding his departure remain a mystery.

Institutions & Pensions

Hong Kong citizens know their pension funds won’t suffice

HSBC Insurance is to spend HK$20 million on programmes that will help to raise awareness about retirement planning.

People Moves

Bank of New York Mellon appoints Asia-Pacific chairman

Chris Sturdy takes on the Asia-Pacific chairmanship and is replaced by Cole-Fontayn as head of the bank's depositary receipt business.

Products & Distribution

Lehman builds locally run Asia funds

Lehman Brothers deepens its Asian investment-management expertise with a new team of Greater China experts run by former Huaan CIO Frank Yao.

Markets & Regulation

Investors turn to riskier assets

EPFR Global data shows net inflows of $1 billion each to Asia ex-Japan and diversified global emerging markets equity funds.

Products & Distribution

Shanghai’s Bohong to arbitrage inefficiencies in China

The fund will run multiple arbitrage strategies to take advantage of inefficiencies between China’s domestic and overseas markets.

People Moves

LaCrosse hires Mark Del Col

The hedge fund administrator hires Mark Del Col as global head of sales and marketing – a role that will include building on the firm's nascent business in Asia.

Institutions & Pensions

Korea’s NPS considers specialist mandates

The pension fund is looking to take advantage of declines in global asset prices as it gradually increases its risk profile.

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