The CIOs of Prudential Hong Kong and FWD outlined their investment approaches at the FundForum Asia event on Tuesday.
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.
The British insurer has hired Ben Rudd from family office Caravel as its first Hong Kong chief investment officer, while two high-level investment staff have taken jobs elsewhere.
Some fund managers are arguing the case for Asian equities despite the likelihood of further US interest rate rises this year.
Ping An Asset Management’s head of overseas investment is leaving the firm to become the first CIO at Caravel Asset Management in Hong Kong, with a remit to hire.
While generally positive on the opportunities in Asia’s high-yield credit market, fund managers do have concerns, not least about the risks of CNH bonds.