AXA IM says senior loans and collateralised loan obligations are emerging as fresh alternatives for institutional investors looking to counter rising interest rates.
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Several senior staff are believed to have left the fund house following its merger with Pioneer Investments, including heads for Asia institutional and China, as well as a lead equities PM.
M&G appoints Asia-Pacific chief; Axa IM names Asia real assets head; VP Bank's Singapore head to step down; Goldman's new MDs in Asia; BNY Mellon IM hires for China; J. Safra Sarasin adds to UHNWI team; and more.
The country's regulatory authorities could lift restrictions on repatriation of capital from qualified foreign institutional investor investments, offering new investment opportunities.
Last week mainland regulators handed private fund management licences to Invesco and Value Partners, and eased foreign-ownership limits on financial services firms.
Axa announces Asia CEO; Axa IM's Asia SWF head leaving; UBS AM hires director in Singapore; Sanctum WM appoints Singapore executive; HKMA makes senior appointments and more
In the first of a two-part article on Beijing’s easing of foreign-ownership limits on financial services firms, some market experts suggest the changes will not have a big impact.
After 13 years with the firm and a long stint in Asia, he will leave the global role.
The $125 billion state fund is seeking managers for 15 mandates for its first overseas absolute-return equity portfolios, as it seeks to counter expected volatility in global markets.
China's latest consultation paper regarding the rules surrounding pension products looks set to heavily promote fund-of-funds as a key structure for such voluntary funds.
Having majority stakes in Chinese fund management joint ventures should give overseas firms more certainty in setting remuneration levels and bringing in talent.