REGULARS
Contents
4 Up front
BlueBay opens Hong Kong office; BlackRock forges alliance with Mizuho; NPS names transition managers
11 Up front: on the move
David Hsu, CEO at JP Morgan AM, steps down, and more
14 Operations manager
Rakesh Vengayil, BNP Paribas Investment Partners
15 Regulatory roundup
Singapore’s new investment code, and more
18 Fund flows
China dominates new fund introductions
20 Q&A
Chang Che-shen, Public Service Pension Fund
FEATURES
22 In the regulator’s crosshairs
Foreign fund managers selling overseas products to Taiwanese investors face new regulatory pressures
26 Taiwan’s investors grapple with inflation
Inflation loomed large at AsianInvestor’s conference
32 The 25 most influential women in asset management
AsianInvestor profiles women leaders
46 ETFs’ challenge to active funds
The exchange-traded funds industry’s growth is outpacing that of active mutual funds good start to supporting the domestic market
52 In disaster, a rush for Japan ETFs
Tracking errors and trading spreads on Japan equity ETFs blew out as market makers retreated after the quake
58 Sebi speaks
KN Vaidyanathan defends Sebi’s record to AsianInvestor and lays out his vision for funds’ long-term growth
62 Singapore wins plaudits, Hong Kong wins business
Says our survey of the industry with Clifford Chance
70 Waiting for the wealthy
Thailand bank-account squeeze helps wealth managers
ALTERNATIVE INVESTOR
74 A hedge-fund desert
Volatility in the Middle East isn’t helping hedge funds
76 No illiquid splash in the Middle East
Investors in the Middle East retreat from private equity
84 Hedge fund of funds’ 2010 grades are in
Performance depends on where managers are based
86 Cleantech after Fukushima
Opportunities in nuclear power will continue, along with other renewable energy sources
88 Alternative Q&A
Haissam Arabi, Gulfmena Alternative Investments
90 Alternative roundup
Soros & Silver Lake launch Asia strategy, and more
ROUNDTABLE
80 Building private investment in Asian infrastructure
We discuss opportunities and pitfalls in the emerging business of investing in Asian infrastructure
