MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
ôWeÆve got the distribution and the brand, and Z-Ben has the content,ö says Shiv Taneja, Singapore-based director at Cerulli.
The partnership does not involve a change in ownership, and both Z-Ben and Cerulli will continue independent research in ChinaÆs asset management market. Peter Alexander, founder of Z-Ben and a former executive at Prudential FinancialÆs funds joint venture with Everbright Securities, says he will likely provide special reports and up-to-date data on the mutual funds scene for CerulliÆs more strategic pieces.
Cerulli is keen to establish similar partnerships in other markets in Asia, provided it finds the right firm or individual to work with. It works on a similar basis in Latin America with a group called Latin Asset Management. Cerulli covers asset management in 10 Asian markets, but at a cross-border, strategic level. Aside from Japan, it has limited research focused on a particular market. The firm isnÆt prepared to finance the infrastructure necessary to provide such local detail, but is keen to bolster its offering with local research it judges to be of high quality.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.