Concerns have been raised about investors ‘chasing performance’ by investing more into expensive factors like volatility and could suffer from a sharp reversal of this trend. State Street Global Advisors offers a somewhat different view.
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Cbus names first deputy CIO; Axa appoints new HK CEO in reshuffle; Invesco adds Asia fixed income head; Swiss private bank CBH's Asia CIO to exit; JP Morgan AM changes manager of Thailand, Vietnam funds; and more.
Axa IM loses senior equity manager; Harvest grabs fixed income head from Manulife IM; Allianz names Asia life and health CEO; GAM adds Australia insto head; Aberdeen Standard hires investment specialist in Australia; HP Wealth expands team; East Capital internally promotes Asia head; Capital Group appoints marketing director; and more.
Investment and finance executives say the city’s government may have damaged its image as a financial centre with its push to pass an unpopular extradition law.
Singapore or Hong Kong may appeal to private equity managers for fund domiciling, as other offshore jurisdictions bring in stricter economic substance rules, thus reducing their attraction.
China is looming larger on the radar of California’s $234 billion pension fund for teachers, as it undertakes a major portfolio management overhaul.
The sovereign wealth fund is coming to the end of a three-year upgrade of its own technology. Its next plan? Another multi-year focus to embrace cutting edge solutions.
A solid track record and an international profile are among the factors named for David Park, the preferred prospect to lead investments at South Korea’s sovereign wealth fund.
The Australian super fund changed its approach earlier in the decade and was able to scale up under a single strategic relationship.
The firm has placed management of Asia fixed income under its emerging market debt team in London, soon after closing three global bond funds and reorganising its EM equity setup.
Overseas private equity markets are gaining traction despite concerns about illiquid assets, said corporate pension executives at AsianInvestor’s Institutional Investment Forum in Tokyo.