AsianInvestor's November edition now online

We examine Le Keping's vision for CIC, explore consumer bank doubts over the Asean passport, examine US bond market prospects and debate the benefits of liquid alternatives.
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This Month
On the move
04        BlackRock names quartet of business heads; UBS Global AM building out multi-asset team; Desmond Ng quits Invesco for AllianzGI

07    Hong Kong focus: Does the city realise the strength of its own position in Beijing’s drive to internationalise?

10    Regulatory Analysis: Still seeking clarity on Stock Connect

12    Regulatory Roundup: Singapore Fair proposals to be made law; Iosco proposes principles for custodians

14    Data Centre: Growing Chinese wealth

Asset Owners
16     Li’s vision for CIC
        The chief investment officer must overcome structural obstacles if he is to successfully reposition sovereign fund CIC

20    Q&A: Larry Wan, CIO of Zhongrong Life Insurance

22    NPS to boost investment team; CIC head takes reins at CICC; Chinese HNWIs ‘overconfident’

24    Distributors raise passport doubts
        Consumer banks across Singapore, Malaysia and Thailand express concerns over investor demand for the Asean fund passport scheme

28    Q&A: Rosita Lee, Hang Seng Bank

30    iFast plans IPO, regional expansion; BNY Mellon, Morgan Stanley on wealth buildouts

Fund Managers
32    When equity managers think like bond managers
        Managers of US equity portfolios, usually an optimistic lot, have become more cautious than peers on the fixed-income side

34    Will US interest rates rising mean the end of a 35-year bond rally?

38     Slow start for RQFII scheme in London

40    Can certain exchange-traded funds deliver on their promise of liquidity in the event of another financial crisis?

44    What Bill Gross’s exit means for Pimco; Asia fund firms seen lagging on cyber-security

Alternative Investments
48    Alternatives for all?
        Retail-friendly, liquid alternative investments are sparking interest in Asia. But could they do the industry more harm than good?

50    Q&A: Takajiro Ishikawa, MC Asset Management

52    AMP, BlackRock make infrastructure moves; optimism rises on QDLP

Asset Services
54    Calculating the value of outsourcing
        The question of whether to outsource middle-office functions to a third party is vexing hedge fund managers.

56    Operations manager: Brian Pohli, CQS

58    MSCI sounds Saudi warning; HK tipped for A-share index futures

59    Trader talk: Teerapong Sawejtraporn, Kasikorn Asset Management

62    Asia’s Independent Research Summit
        Experts debated the direction of the US Federal Reserve and economic theory, while China’s
dream and the effects of technology also figured at the event last month.

64    Bookend: The Innovators: How a group of hackers, geniuses and geeks created the digital revolution, by Walter Isaacson

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