AsianInvestor's May 2011 edition now online

May 8, 2011

We profile our choices for the 25 most influential women in asset management, examine the growth of ETFs as against mutual funds, and discuss India's funds industry with Sebi.

REGULARS
Contents

4 Up front
BlueBay opens Hong Kong office; BlackRock forges alliance with Mizuho; NPS names transition managers

11 Up front: on the move
David Hsu, CEO at JP Morgan AM, steps down, and more

14 Operations manager
Rakesh Vengayil, BNP Paribas Investment Partners

15 Regulatory roundup
Singapore’s new investment code, and more

18 Fund flows
China dominates new fund introductions

20 Q&A
Chang Che-shen, Public Service Pension Fund

FEATURES
22 In the regulator’s crosshairs
Foreign fund managers selling overseas products to Taiwanese investors face new regulatory pressures

26 Taiwan’s investors grapple with inflation
Inflation loomed large at AsianInvestor’s conference

32 The 25 most influential women in asset management
AsianInvestor profiles women leaders

46 ETFs’ challenge to active funds
The exchange-traded funds industry’s growth is outpacing that of active mutual funds good start to supporting the domestic market

52 In disaster, a rush for Japan ETFs
Tracking errors and trading spreads on Japan equity ETFs blew out as market makers retreated after the quake

58 Sebi speaks
KN Vaidyanathan defends Sebi’s record to AsianInvestor and lays out his vision for funds’ long-term growth

62 Singapore wins plaudits, Hong Kong wins business
Says our survey of the industry with Clifford Chance

70 Waiting for the wealthy
Thailand bank-account squeeze helps wealth managers

ALTERNATIVE INVESTOR
74 A hedge-fund desert
Volatility in the Middle East isn’t helping hedge funds

76 No illiquid splash in the Middle East
Investors in the Middle East retreat from private equity

84 Hedge fund of funds’ 2010 grades are in
Performance depends on where managers are based

86 Cleantech after Fukushima
Opportunities in nuclear power will continue, along with other renewable energy sources

88 Alternative Q&A
Haissam Arabi, Gulfmena Alternative Investments

90 Alternative roundup
Soros & Silver Lake launch Asia strategy, and more

ROUNDTABLE
80 Building private investment in Asian infrastructure
We discuss opportunities and pitfalls in the emerging business of investing in Asian infrastructure