Michigan municipal pension fund ups Asia focus

The fund industry’s latest mega-takeover has big implications for the two firms and for their clients in Asia. AsianInvestor looks at issues that the deal raises.

Future Fund's head of private property departs; HSBC global cuts to affect Asia; FTSE Russell names first Asia sustainable investment chief; Savills appoints Malaysia head of asset management; BNP Paribas AM's EM debt head exits; SingAlliance poaches from BNP Paribas; and more.

The big Chinese insurer is about to fund its first global multi-asset portfolio, as chief investment officer Ben Deng continues a strategy revamp and eyes more foreign exposure.

Former M&G exec starts as CEO of new PE firm; SSGA names Apac head of ETF sales; Axa IM makes investment and sales hires; JLL adds Japan hotels team head; Intertrust opens NZ office; Bank of Singapore appoints North Asia wealth planning head; and more.

A surprise doubling of the overseas allocation limit to 30% and lifting of the ban on private equity investment are welcome changes for increasingly yield-starved Thai insurance firms.