As 2018 dawns, AsianInvestor has picked out the stories that attracted the most interest from our core audience of institutional investors in the past 12 months.

The stories reflect a year of turbulence in the region, especially among asset management companies, many of which cut back or consolidated their operations this year. Also sparking interest were the woes encountered by the region's investment consulting firms, the challenges of co-investing with private equity funds and, of course, our annual awards for the region's leading institutions.

We have excluded our popular weekly roundup of people news.

January

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. 

February

AIA sets up central investment hub, builds team

The Asian insurer has transferred staff from Hong Kong to the new Singapore-based entity, which it established to improve the efficiency of investment operations across the group.

March

Prudential adds CIOs in Asia reshuffle: sources

The UK life insurer is reorganising its Asian investment team, say sources; it has brought in local CIOs for Singapore and Hong Kong and aims to do the same in Malaysia.

April

BlueBay shuts HK office, to relocate Asia head

The fixed income manager joins the growing list of fund houses to have closed their branches in Hong Kong, but it has kept some staff in the city.

May

Value Partners shakes up leadership team

Out the door go the Hong Kong fund firm's deputy CEO, ETF chief and three others, and in comes a new head of sales, following the arrival in December of new CEO Au King-Lun.

June

Investment consulting firms squeezed by tough markets

Investment consultants admit that it's hard to make money in Asia. How are Cambridge Associates, Mercer and Willis Towers Watson responding to the challenge?

July

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.

August

HK Housing Society plans unconstrained bond mandate

The fund is joining the list of Asian asset owners looking to reduce their reliance on the Barclays Global Aggregate index. AsianInvestor spoke to HKHS's head of treasury.

September

Fullerton merging with NTUC Income

Fullerton Fund Management will manage the insurer’s public-asset portfolio as part of the all-Singaporean deal, say sources familiar with the matter.

October

Amundi to cut Asia staff, funds in post-merger revamp

The French fund house will cut poorly performing and overlapping funds and focus on products close to client preferences, as it aims to build Asia AUM, said the group deputy CIO.

November

Amundi cutting 70 in Asia, moving funds to London

The fund house is laying off most of its investment and operations staff in Hong Kong and Singapore in a post-merger restructuring, while keeping teams intact elsewhere in the region.

December

AsianInvestor’s final institutional awards revealed

AsianInvestor unveils the remaining winners of this year's Institutional Excellence Awards. The categories are: Japan, Southeast Asia, insurance firm and individual contribution.