On the move
Mark Konyn joins Cathay Conning; Ken Sue switches to Coutts from HSBC: Jane Leung succeeds Nick Good at iShares
8 Regulatory Roundup
New Reit and infrastructure rules in Thailand; Chinese insurers can buy riskier debt; China mulls letting in hedge funds; Hong Kong dark pool applications
10 Data Centre
Latin America receives strong fund flows at the expense of Asia
92 Bookend
1493, by Charles Mann
Asset Owners
Asakawa and the Japanese pension debacle
The AIJ scandal has created an opportunity for Japan’s regulators to fix the country’s ailing retirement system. But will they do so?
16 Q&A with Shunichi Kubo of Nihon Keizai Shumbun Pension Fund
22 Sovereign capital on the diversification trail
24 Taiwan’s LPF mandate “unrealistic”, NCSSF in private-equity and SOE push; Asian SWFs breaking size records
Distributors
A new channel for distribution
It’s early days for independent financial advisers in China, but they offer a tantalising new channel apart from banks
28 Julius Baer forecasts private bank success; private investment banking the way forward, says Credit Suisse; asset managers boosting focus on private banks
Fund Managers
Unbalanced China
China’s slowing economy challenges the Communist Party to renew its commitment to liberalisation, even as it orchestrates a generational change in leadership.
36 China’s next asset gatherers
38 Value remains in Asia fixed income
42 Building China-Middle East relationships
48 Asian fund bodies unite versus Fatca; Volcker Rule to hit non-US funds; LatAm inflows outpace those to Asia
Alternative Investments
No escaping correlation risks for hedge funds
For Asia hedge funds, low correlations to market beta may be the goal, but few strategies have strayed far from the benchmark
52 Clean-tech managers ride China’s coat-tails
54 Q&A with Juan Delgado-Moreira of Hamilton Lane
56 Jones Lang LaSalle focuses on Asian wealthy; KTB PE seeks foreign collaboration; CICC teams up with Sloane Robinson
Asset Services
India scores own goal with FII tax
India may achieve global pariah status among global portfolio managers if it insists on onerous capital-gains taxes
60 Operations manager: James Tan of Lion Global Investors
62 Dublin promoting Irish Ucits in Asia; Bank of Korea chooses transition managers; trader talk: Emma Quinn
Events
AsianInvestor Investment Performance Awards
AsianInvestor is pleased to announce the winners of its 2012 Investment Performance Awards
90 Japanese pensions de-risk: Pension funds share their investment experiences at AsianInvestor’s institutional forum in Tokyo
