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 Tuesday 13 May 2008
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Alternative Investments

Infrastructure funds raise nearly $10 billion

Global Infrastructure Partners raises $5.64 billion, while Morgan Stanley Infrastructure Partners raises $4 billion.

Business Moves

EPF sells 25% stake in RHB Capital

Abu Dhabi Commercial Bank pays $1.2 billion for the 25% stake in RHB Capital, Malaysia’s fourth largest bank. EPF’s stake will be cut from 82% to 57%.

Alternative Investments

Good morning Vietnam property fund

Protego’s new real estate fund plans to raise $200 million for residential property development in Vietnam.

Products & Distribution

Fortune SGAM's QDII fund closes with $66 million

Gabriel Gondard, deputy CIO at Fortune SGAM, is optimistic about China's performance in the second half of this year.

Fund Manager Q&A

DBS Asset Management uses the thematic approach

Senior portfolio manager Peter Chiang is a huge believer in the multi-year thematic approach to investing.

Institutions & Pensions

Korea Teachers awards W300 billion mandate to Goldman

Goldman Sachs Asset Management will focus on improving the Korea Teachers Pension Funds’ risk-return profile as it ventures into equities markets overseas for the first time.

Alternative Investments

ADB launches Climate Change Fund

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.

Alternative Investments

Steering clear of private equity's bottom quartile funds

Kelvin Liu of Invesco's fund of private equity fund unit gives a few tips on how to find a good manager.

Markets & Regulation

Indonesia tops Merrill Lynch’s Asia model

The firm’s new quantitative allocation model for Asia factors in variables such as currency, economic growth, and earnings forecasts.

Institutions & Pensions

Labour Pension Fund awards $1.5 billion of overseas mandates

Templeton and AllianceBerstein score big wins. Newton and Goldman Sachs Asset Management also secure mandates.

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.

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.

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.

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.

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.


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