AsianInvestor's March 2014 edition now online
This Month
On the move
BlackRock names Asia CFO; Aberdeen replaces regional head of fixed income; new Japan chief for UBS Global AM
06 Regulatory Analysis
Private equity seeks clarity on Hong Kong tax treatment
07 Regulatory Roundup
CSRC to restructure; Singapore allows RQFII applications; Australia reforms on advisory rules
08 Data Centre
Asia and global fund flows
Asset Owners
10 HKMA headway counters case for sovereign spinout
Buy-side executives say HKMA should separate its excess reserves into a sovereign wealth fund. But recent history and the city’s political culture argue against such a move.
14 Q&A: Melyvn Yeo, CIO of Thirdrock
16 KIC to build research centre; Ben Rudd joins family office; Kuwait fund joins $1.5bn QFII club
Distributors
18 Private banking in need of evolution
Rising affluence is driving demand for onshore wealth management across Asia.
22 Benz tipped to make changes at StanChart; HSBC appoints retail and wealth head
Fund Managers
24 Islamic fund assets leap
Institutional flows drive sharia fund assets up by a quarter, as managers eye new client and product types.
30 Is the bottom set to drop out of US share prices?
34 What Shanghai’s free trade zone means for fund houses
38 The need to differentiate smart beta offerings
40 AIFMD incentive for Hong Kong funds; Barings eyes China debt; Lazard AM opens in Dubai
42 View from the top: Sundeep Sikka, Reliance Capital Asset Management
Alternative Investments
44 Fear of zombie invasion rises
Undeployed capital among private equity funds has hit record highs, prompting fears of a zombie fund epidemic.
47 Funds of hedge funds emerge leaner post-crisis
48 Q&A: Dennis Nguyen, New Asia Partners
50 Partners Group eyes Asian buyout deals; Oasis said to be eyeing convertible
bond offering
Asset Services
52 TM’s day of reckoning
US and UK regulators have penalised two transition managers for opaque pricing, sending a message to the industry worldwide.
53 Operations manager: Rory Kennedy, Rogers Investment Advisors
54 Asifma launches asset management group; Mercer replaces Middle East investment head
55 Trader talk: Chris Seabolt, FMR
56 Bookend
Following the Leader: Ruling China, from Deng Xiaoping to Xi Jinping, by David Lampton