4 Up front
Banks slash equities staff; MUFJ and AMP tie-up; Axa closes ipac unit; who succeeds Scott Kalb at KIC?

10 Up front: on the move
Julius Baer poaches Sarasin team, and more

12 Operations manager
Rob Scott, Deutsche Asset Management

13 Regulatory roundup
China private equity regulations, and more                                            

14 Fund flows
The extent of the damage to Asia equity mutual funds

16 Q&A
Kelvin Blacklock, Prudential Corporation Asia

FEATURES
18 New hope for India’s funds industry
Longer-term equity products, a more pragmatic regulator and more foreign players boost mutual funds

22 Digesting mooncakes
With RQFII, Chinese asset managers start the year on a busy note, but consumers will struggle to figure out one product from another

24 Full internationalization of the RMB gets closer
News from AsianInvestor’s conference on the renminbi

32 It’s still about ‘emerging’ markets
Dividends, debt and defaults are the things to watch out for in equity and fixed income

35 New offerings in Thailand’s funds business
The growing diversity of products in Thailand’s funds industry is creating openings for niche providers

36 Malaysia’s funds industry expands
Malaysia’s retail market is starting to benefit from a growing cross-border product set

38 Silence before the silver tsunami
Hong Kong’s next chief executive must break the silence around retirement issues and advance reform of the Mandatory Provident Fund system

42 Malaysia erects a new pensions pillar
The government finally formalises rules for a new private retirement scheme, but questions abound

44 Looking to Asia and the world
Investors gathered in Kuala Lumpur at AsianInvestor’s Southeast Asia investment summit to discuss portfolio opportunities in 2012

ALTERNATIVE INVESTOR
48 Not entirely doom and gloom
Asian hedge funds had a tough 2011, but prime brokers see increasing investor activity into the sector, suggesting 2012 should be a better year

50 Where the action will be
Hedge-fund managers describe the macro concerns and potential opportunities in Asian markets this year

52 Alternative Q&A
Nobuyuki Idei, Quantum Leaps

82 Alternative roundup
Hedge fund closures; Japanese love hotels; Huttenlocher’s Myriad launches

ROUNDTABLE
26 What’s ahead for emerging markets
Senior asset management execs discuss how to grow business in a ‘risk-off’ environment