AsianInvestor’s most read articles in July 2017
Here we present the stories from our daily newsletter that attracted the most attention in July, with number one the recipient of the most hits. Excluded from the list below are the roundups of people news we publish every week.
1. Value Partners names onshore China head
The Hong Kong-based fund house has promoted internally to fill the role, amid an ongoing management reshuffle.
2. Value Partners loses heads of China, robo-advisory
Two more senior executives have left the Hong Kong fund house following a recent leadership shake-up.
3. SSGA loses heads of equity solutions and compliance
The $2.4 trillion funds giant said it would appoint replacements in the two pan-Asia roles.
4. BNP Paribas AM moving Asia bond team to HK
The firm plans to relocate its fixed income staff from Singapore as it ramps up its focus on China, but the team head will depart. It is also seeking an EM debt head for Hong Kong.
5. Schroders sets out Hong Kong retirement scheme proposals
Hong Kong’s public annuity scheme is a step in the right direction for addressing post-retirement incomes, but cannot address all the risks on its own, says Schroders.
6. EII Capital shuts Singapore, other overseas offices
The US property investment firm has closed its international branches, laying off most of its portfolio managers in the process, say sources.
7. Samsung AM flags challenges of Hong Kong ETF business
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
8. "Cash-strapped" EAMs seen courting buyers
Several external asset managers in Asia are said to be wooing prospective acquirers, including private banks. But would such moves benefit clients?
9. CIC ramps up real asset push, cuts bond exposure
China's sovereign wealth fund is accelerating its overseas drive into private equity, property and infrastructure after recording a return of 6.22% last year.
10. Asset managers "won't need hyper-scale" in Asia
Local investment boutiques will continue to prosper in Asia, alongside cross-border tie-ups, say executives from global fund houses, given the high cost of building onshore businesses.