In a move that refocuses its product offering and institutional coverage, the US-based asset manager has pared its equity investment capabilities in Asia and the UK.
The private equity firm and sovereign wealth fund took advantage of strong bond markets to raise funds to pay themselves a special dividend in an Indian outsourcing company.
Spreads are at historically tight levels, but portfolio managers believe asset allocators would be unwise to throw in the towel just yet.
The asset manager intends initially to hire two executives to originate transactions locally, in response to rising infrastructure activity in Australia, AsianInvestor can reveal.
With the Philippine presidential election to take place today, fund managers say frontrunner Rodrigo Duterte would be effective despite the controversy hounding the Davao City mayor.
The fund house hopes to launch a long/short multi-asset strategy this year, but is finding it hard to raise money for its multi-asset income product in Hong Kong amid A-share volatility.