AsianInvestor’s 10 most read stories in January
AsianInvestor will now be publishing our list of the 10 most read stories from the previous month, starting today, with number one the article attracting the highest number of hits.
This month's line-up reflects the tough environment for asset and wealth managers (Syz's exit from Asia), the evolving landscape for private markets (our stories on rising GP-LP tensions and China's QDLP scheme) and our regular in-depth coverage of institutional mandates (this month including Japan's Government Pension Investment Fund and Taiwan's Bureau of Labor Funds).
We do not include in the list our weekly roundup of people news that appears every Friday, as these articles always tend to feature in the 10 most read stories every month.
To read the full story, readers will need a subscription, which allows full access to our searchable archive of articles.
1. Tensions rising between private equity GPs, LPs
Conflicts of interest and strains are seen to be growing as more asset owners in Asia eye co-investments and direct deals. Regulators are watching the situation closely.
2. Invesco rebuilding institutional sales team
The US fund house has hired an executive from Syz Asset Management, which closed its Hong Kong office last month.
3. Syz Asset Management pulls out of Asia
Swiss private bank Syz has called time on its asset management business in the region, closing its Hong Kong office a decade after setting it up.
4. Taiwan state pensions issue multi-asset RFPs, mandates
The Bureau of Labor Funds has invited bids for $2.4 billion in domestic mandates, while the Public Service Pension Fund has handed $600 million to three foreign asset managers.
Shanghai has drafted eagerly awaited changes to its qualified domestic limited partnership scheme. Foreign asset managers are also hoping for clarity on Chinese mutual fund licences.
6. Blackstone’s Asia chairman talks property trends
AsianInvestor spoke to Chris Heady, Asia-Pacific chairman and Asia head of real estate at the private equity giant, about co-investment, personnel and LP trends.
7. Fund veterans argue for retrocession ban in HK
The CEO of fund house EIP wants commission payments to be banned in Hong Kong, as the industry awaits new disclosure rules. Jessica Cutrera of EXS Capital also calls for more transparency.
8. HK fine could hit Value Partners' pitch appeal
The Hong Kong fund house has been reprimanded by the local regulator, which may harm its ability to compete on portfolio mandates, said the CIO of a large institutional investor.
9. GPIF poised to use ESG indices, seeks more staff
The world's largest pension fund is conducting due diligence on environmental, social and governance indices and plans to expand its team by 10%, said president Norihiro Takahashi.
10. Andy Yang exits Eastspring, seeks new role
The fund house’s head of insurance relationship has left and will not be replaced, amid a tough environment for the industry. Hong Kong head Au King Lun also moved on last month.