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Contents
04 This Month

On the move
Amundi names HK CEO; First State loses Asia debt head; Coutts appoints new regional chief

08 Regulatory Roundup
US CFTC swap rules relief; new China state institution heads expected

10 Data Centre
There look to be plenty more mandates to come from institutions in Asia Pacific

Asset Owners
12 Powering Asia’s portfolios
Asia’s state institutions are exploring new ways to invest in energy and natural resources

16 Q&A with Arnaud Mounier, CIO of Axa Asia

18 Asian SWFs eye regional hedge funds; Hanwha Life looks to London property

20 Distributors
True advice

Private banks need to shift away from the transaction model in Asia

23 Banque Syz eyes Asia; Singapore tax crime rules

Fund Managers
24 India mutual funds 2.0

Sebi’s efforts to grow the mutual-funds industry could be the surest way to modernise its capital markets

27 Vietnam’s funds debut

30 Valuations versus debt in emerging-market equities

33 BlueBay targets Asia retail; First State markets pure A-share fund

36 Alternative Investments
Futures looking bright in China
Managed futures strategies are benefiting from China’s liquid markets, attracting foreign and local players alike

38 Japan hedge funds await tighter rules

40 Q&A with Anthony Scaramucci of Skybridge Capital

42 Man seeds discretionary strategy for GLG; Segantii hires COO

44 Asset Services
Open books

Reporting derivatives trades to repositories will bring transparency, but also raises questions

46 Progress, with limits, for admin in China

47 New fund-admin opportunities in India

48 Operations manager profile: Alex Khein of BlueBay AM

49 Citi enters Indian sec lending; Trader talk with Robeco’s Kendall Tse

52 Events
Africa isn’t about the macro
Our conference upended lazy thinking among Asia-based investors about Africa.

54 Asean gets deep into debt
Our Southeast Asia debt investment forum attracted heavy hitters in fixed income.

56 Bookend
The Crisis of Crowding: Quant copycats, ugly models, and the new crash normal, by Ludwig Chincarini