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This month

04  On the move
Questions remain over Julia Leung’s role at the SFC; Axa IM loses Asia-Pac chief after six months; Julie Koo moves from HSBC to UBS

08  Regulatory Analysis
China is striving to close a loophole that allowed global PE funds some control in sensitive industries

09  Regulatory roundup
CSRC bans five fund firms; HK ETF stamp duty waived; Big Four accounting firms settle in China disclosure case

10  Data Centre
Real estate investment in Asia Pacific boosted by upbeat fundraising scene

Asset Owners
12  Asean central banks turn to emerging markets
Southeast Asian reserve managers are showing more faith in emerging markets

18  Insurance Investment Forum: Balancing risk and return

20  News: China Life global mandates; Taiwan’s BLF plans $2bn alts strategy; Thailand warned on equity market risk

Distributors
22  Indonesia funds market seeks change in direction
Deregulation promises to give its fund industry a boost

24  Q&A:  Kelly Chung, head of managed solutions in Asia, LGT Bank

26  News: Manulife merges AM and wealth; fund redemptions hit HK; LGT plans PE roll-out

Fund Managers
28  Islamic asset growth slows
After a stellar expansion in 2013, last year saw a shift in fortunes for sharia funds

32  Mark Konyn reflects on Asia’s equity markets as part of AsianInvestor’s 15th anniversary series

34  Assessing the likely impact of the ECB’s decision on quantitative easing    

38  Shenzhen opens to foreign alternatives, but quietly

40  News: Opinion split on ARFP; Farallon, PineBridge to acquire Indonesian firm; Samsung lists HSI futures ETFs

Alternative Investments
42  Can leveraged loans fill the void?
Asset owners are being driven to explore niche fixed income strategies. AsianInvestor weighs up the best on offer.

44  Q&A: Mario Giannini, CEO of Hamilton Lane

46  News: Hedge-fund seeding to surge; Allianz GI eyes alts demand; wave of fund closures expected; Rival QDLP schemes launched

Asset Services
48  AsianInvestor’s Trading and Execution Survey 2014
Access to liquidity is what investors want from brokers

60  Managers sceptical about the reliability of big data for investments

63  News: Multi-family office to open in Dubai; HKEx’s price-control plan slammed; Stock Connect short-selling rules unclear

64  Bookend
The Rise and Fall of Australia: How a great nation lost its way, by Nick Bryant