On the move
04 Nikko AM to buy boutique, loses team; Old Mutual GI plans expansion; UBS hires Yip to build Asian ETF business
08 Regulatory Analysis
Regional fund schemes square up
09 Regulatory Roundup
Apec initiates funds passport scheme; Australia hedge funds deemed not risky
10 Special report: Asia’s funds industry five years after Lehman Brothers
12 Data Centre
Fund managers are relying too much on market appreciation to grow in Asia
14 Asset owners seek balance
The leading institutional investors in Asia Pacific are intent on diversifying internationally, but more by asset type than geography.
20 Q&A: Bernd Gutting, Asia CEO and CIO at Allianz Asset Management
22 Japan’s GPIF issues foreign equity mandates; Temasek poaches Citic’s Wu Yibing
24 Foreign banks face mountain to climb
Overseas banks know they can’t rival the big four Chinese banks, so they must go niche.
26 Banks turn to emerging affluent in Indonesia
28 HSBC Private Bank builds investment strategy team;
Alternatives back for private clients, says UBS
30 A strategy for all seasons
Fund managers are promoting multi-asset products meant to fit all market conditions, but how durable are they?
34 EM exodus with a difference
38 China-HK MRA tipped to disappoint; Fidelity seeks to grow institutional assets
40 Asian Reits blown off course
Demand for real estate investment trusts has waned as investors target risk assets, in bad news for new listings.
43 Beijing looks to tackle PE bottleneck
44 Q&A: George Raffini, Headland Capital
46 KKR plans credit buildout;
Hedge funds set for QDLP go-live
48 Custodians welcome prospect of low-rate relief
Custody businesses are mulling the likely impact of US moves to tighten monetary policy.
50 Operations manager: Steve Lyons, SC Lowy
52 India’s MCX-SX struggling to lure brokers; services recruiter launches in HK
54 Trader talk: Christophe Roupie, Axa Investment Managers
China’s War with Japan, 1937-1945: The struggle for survival, by Rana Mitter
In this issue
Alternative fund services report
China and Japan are enjoying increased hedge fund activity, but regulation and high entry barriers are obstacles to growth.