The Korea Teachers Pension Fund (KTPF) and Goldman Sachs Asset Management (GSAM) have finalised an agreement for a strategic partnership, which involves the fund house managing W300 billion ($292 million) in assets until 2011. GSAM is KTPF’s first strategic partner for overseas investments, with both parties having signed a memorandum of understanding to pursue this partnership in February. KTPF already has a second overseas strategic... Read the whole story
The fund is aimed at facilitating more investments in developing Asian countries to address the causes and consequences of global warming, which is fast becoming a popular theme among fund managers. More
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
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
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.
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.
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.