AsianInvestor's December 2011 edition now online
Contents
4 Up front
Japan’s PFA insources 40% of assets; China’s CSOP Ucits UV launch; Lyxor mulling delisting ETFs in HK
11 Up front: on the move
Julius Baer poaches Goldman’s Kaven Leung; CIC names HK subsidiary head
12 Operations manager
Ismail Gunes, Manulife Asset Management
13 Regulatory roundup
Fidelity rebuked by HK SFC; China halts wealth management product sales
14 Fund flows
It’s not all doom and gloom
16 Q&A
Win Phromphaet, Thailand’s Social Security Office
FEATURES
18 Creating the offshore RMB capital
Structural shortcomings impede Hong Kong authorities’ desire to cement their city’s role
20 Japan’s sumo-sized assets
AsianInvestor and Nomura Research Institute present the 50 largest institutional investors by AUM
22 Global equity markets still linked
Short-term volatility is likely to keep correlations high
26 Welcome mats for millionaires
Taiwan’s wealth managers, protected by new regulation, are transforming themselves into private banks
28 Sub-advisory models evolve in Taiwan
Our roundtable in Taiwan discusses investment opportunities via sub-advisory relationships
34 Measuring Asia-Pacific sourced assets
Our survey of which managers, global and domestic, are winning mandates from clients in Asia, Japan and Oz
42 Top 10 moves in Asia asset management 2011
Distribution and fixed income are among this year’s hotspots for top hires
44 Commodity prices still on the up
The ‘super-cycle’ remains intact, according to speakers at our inaugural commodities investment conference
46 Securities lending activity resumes
Investors need tools for taking short positions, which is driving sec-lending businesses around Asia
48 De-risked, de-fanged, defensive
Transition managers say Asian investors’ decision-making has become paralysed
50 AsianInvestor Service Provider Awards 2011
We are pleased to announce the winners; plus photos
66 Building bridges between Asia and the Middle East
Our roundtable with Qatari officials and East Asian fund execs discusses the business possibilities
ALTERNATIVE
74 Plugging in Japan through private equity
Japanese private equity, both inbound and outbound, is tied to Japanese companies’ cross-border M&A
78 Private equity’s second life
One of the most successful niches in asset management in Asia has been in secondary private-equity sales
80 Alternative Q&A
Ying Yuming, China Eagle Fund
82 Alternative roundup
Carlyle adds Lee Sanghyun as MD; Aileen Chang launches Kriya Uprofish Macro Fund