The Hong Kong fund house has laid off senior executives, including its Southeast Asia head and managing director for alternative products, as it moves to rationalise its business further.
Even as the US-China trade war rumbles on and some in Washington are pushing for a pivot of investment away from China, American asset managers continue...
The recent departures include those of three segment chiefs for Asia-Pacific: the chairman for alternatives and heads of index strategy and of client relationships for factor strategies.
Thailand's leading pension fund has been increasing the size of its internal investment team and will add more personnel, said Man Juttijudata, assistant secretary of risk management.
Australia's Hostplus cuts alternative asset investment valuations; InsudInd Bank seeks injections from sovereign wealth funds; Japan's GPIF could record historic loss; Korean pension funds go asset bargain hunting; Taiwan's Bureau of Labor Funds appoints eight managers for absolute return mandate and more.
The country's defined contribution plans could weather market storms better if they had a wider choice of alternative assets and a stronger focus on rebalancing, say industry experts.