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This month
Contents
04    On the move
        Nomura AM names new CEO, HK SFC reappoints Alexa Lam

08    Regulatory Analysis
        Singapore RQFII potential under debate

09    Regulatory Roundup
        Korea toughens stance on mis-selling, Taiwan insurance investment limits raised

10    Data Centre
        A snapshot of Asia hedge funds in 2013

Asset owners
12    Insurers’ quest for yield: oasis or mirage?
        Asian insurers should focus more on matching assets to liabilities if their return targets are not to prove illusory.

16    Insurance investment summit: Taking the slow road to diversification

18    Q&A with Jeon Young-muk of Samsung Life

20    KIC names new CIO, GPIF in alternatives foray

Distributors
22    Battle for shelf space intensifies: Only well-resourced managers can compete in the consumer segment, so are investor interests being fully served?

24    Fund Online Korea sets out stall, Sarasin lures Bank of Singapore NRI team

Fund managers
26    The future of fund passporting: Industry experts discuss their expectations for Asia’s three passport schemes.

32    Asia’s ETF universe is expanding fast, raising questions over product complexity

36    Are investors right to bet on Europe again?

44    Will Taiwan take to employee choice for pensions?

46    M&G wins HK licence, Aberdeen acquiring, Fullerton’s expansion drive

Alternative investments
48    Fledgling hedge fund sector takes root
        Korea’s hedge fund industry is small, but good performance is raising interest.

50    Private equity learning lessons in frontier markets

52    Q&A with Andy Seaman of Stratton Street Capital

54    IFM Investors on Asia push, China uncertainty yields PE deal discounts

Asset Services
56    Japan’s testing new trading environment
        Changing market structure is reshaping the landscape for cash equity traders and venues

60    Industry keeps faith in credit e-trading

62    Q&As: Philip York of Alt 224 and Jacqueline Loh of Schroders

63    Operations manager: Jeff Levy of Turiya Capital

64    Northern Trust opening new branches, transitions industry woes persist

68    Bookend: The Tragedy of Liberation: A history of the Chinese revolution, 1945-57, By Frank Dikötter

Events
66    Borrowers and Investors Forum
        At this Haymarket event, fund firms stressed the need for investors to review the quality of bond issuance amid the search for yield.