The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.
Legg Mason recently commissioned a global survey of more than 3,000 affluent investors across North America, Europe and Asia to determine their attitudes towards income investing.
Hong Kong's proposal for a green bank anticipates that government support will hasten the participation of asset managers and investors, including insurers and pension funds
Albert Teoh joins the Canadian firm starting this month, AsianInvestor can reveal.
The $19 billion Public Service Pension Fund has invited pitches for its first global total-return fixed-income mandates. Four managers will each get $200 million.
China’s $900 billion sovereign wealth fund envisages doing more direct investing as part of a bold allocation shift. Li Keping, senior adviser and former CIO, spoke to AsianInvestor.