The combined wealth of the world’s high-net-worth individuals (HNWIs) grew 9.4% to $40.7 trillion in 2007, according to the 12th annual World Wealth Report released by Merrill Lynch and consulting firm Capgemini. Given that 2007 was a volatile year for financial markets worldwide, Victor Tan, Hong Kong market director at Merrill Lynch Global Wealth Management, considers the growth impressive. That’s still lower than the 11.4% growth in... Read the whole story
By Rita Raagas De Ramos | 27 Jun 2008
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The new long/short Korea fund will be named after and managed by former Kingdon Capital executive Kyle Shin. More
By Simon Osborne | 27 Jun 2008
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Careful stock selection, patience, and discipline will be key to reaping rewards in the US for the rest of this year, says Russell Investments. But the rewards will be limited. More
By Rita Raagas De Ramos | 27 Jun 2008
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Talk of lower taxes for oil companies boosts Russian funds, while a credit-rating upgrade helps Brazil portfolios, says Lipper. More
By Rita Raagas De Ramos | 27 Jun 2008
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AmKonzen will manage a $320 million fund that will invest in water projects mainly in China and Southeast Asia. More
By Rita Raagas De Ramos | 26 Jun 2008
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EPFR Global is expanding its coverage of frontier markets to meet increasing demand from clients, says managing director Brad Durham. More
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The restoration of parliamentary democracy has cheered the fund management industry, but the new government is under pressure to address the market's structural shortcomings. More
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Vasundhara Pradeep, business consultancy sales for Asia-Pacific at UBS Prime Brokerage, answers questions on providing solutions to hedge funds to establish, expand and manage a successful business in the region.
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Just as corporate directors are meant to look after the best interests of shareholders, pension trustees are supposed to safeguard the interests of beneficiaries.
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Revealed at a press conference yesterday, the HKMEx is expected to start trading its inaugural fuel oil contract in the first quarter 2009.
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The Baring Private Equity IV Fund will invest in high-growth companies that have strong management teams and established barriers to entry, says Salata.
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Goldman hits the information superhighway with the provision of third-party research services in Asia, but some local hedge fund managers might need a bit of persuasion to use the product.
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Global wealth managers now actively manage $17.4 trillion, with Asia flows compensating for market index losses, says Scorpio.
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Merrill Lynch has raised its annual infrastructure spending forecast for emerging markets by 80% on the back of increased government spending, especially in China, the Middle East and Russia.
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Lipper figures show portfolios that invest in overseas markets outperform local funds.
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