The fixed income manager joins the growing list of fund houses to have closed their branches in Hong Kong, but it has kept some staff in the city.
Investors remain staunchly optimistic despite signs that risk assets are vulnerable post-rally, with allocations to real estate and alternatives touching five-year highs and expectations for corporate profits surging....
Pimco names Asia chief in reshuffle; Citi PB promotes Bacon; GSAM shuffles EM leadership; Nordea Bank replaces Singapore head; EFG hires North Asia head; Vontobel AM adds multi-asset solutions head; Colliers shuffles Asia team; China Pacific Insurance chairman resigns.
Regional investment heads at DBS and Lombard Odier say emerging markets are a better bet amid heightened political risk and uncompelling valuations in developed Europe.
Investment heads at APG, Credit Suisse and DBS voice doubts about the sustainability of the US stock rally, with American equities now widely viewed as overvalued.
Tensions ahead of a poll in Korea, scandal in Malaysia, yet another vote in Britain – all reasons why political analysis is no longer an optional extra for fund managers.