KIC names CEO; Asset Management One's new president; Blackstone hires real estate MD; Harvest promotes fixed income CIO to CEO; UBS AM appoints Fondcenter sales heads and more.
The fund house's Asia head of real estate says the Chinese territory looks “mighty expensive”, but others feel its relentless rise in property prices is justified.
The $200 billion Malaysian pension fund is enamoured by China's growth opportunities and aims to raise investment allocations in overseas markets over the next 12 months.
Consolidation will continue in the funds industry amid rising cost pressures, with mid-sized firms feeling the tightest squeeze, says Ulrich Koerner, president of UBS Asset Management.
OMGI shutters Asian equities unit; Citi PB's new Apac IM sales head; Pimco names Asix fixed income exec; Credit Suisse names interim Philippine rep office head; JP Morgan brings mulit-asset expert to HK and more.
Demand for multi-asset strategies as well as alternatives such as real estate and hedge funds has driven up assets for fund managers in the region, AsianInvestor's latest AI100 survey shows.
Given the very long-term nature of their liabilities, insurers are ideally placed to take advantage of the illiquidity premium in alt assets, the group's Hong Kong CIO says.
With $15 billion under management, the Chinese group's wealth management arm employs a rigorous screening process to pick managers, with a focus on alternative investments.
AsianInvestor reveals the winning custodians, index provider, law firm, auditor and compliance adviser in the latest batch of its annual Asset Management awards.
Korea's flagship state retirement fund has chosen the two asset managers to run a fund-of-hedge-funds mandate of up to $1 billion, which is expected to rise to $2 billion over time.
The world’s fourth-largest pension fund has appointed a new section leader as it transitions away from domestic fixed income. He will select hedge funds, with some $2 billion to invest.
Korea’s biggest retirement fund is building a hedge fund portfolio, and other pensions in the country are making similar moves, amid a wider backlash against such strategies.
The insurance unit of the postal service is to invest its first $200 million into individual foreign hedge funds and award another fund-of-funds mandate, amid scepticism about the asset class.
Two recent surveys reveal how investors are looking increasingly to riskier assets around the world and illiquid areas, notable real estate, as they seek higher returns.
The insurer's chief investment officer for international markets says real interest rates in developed countries could stay negative for 20 years, so investors should plan accordingly.
