The large and fast-growing US fund house has poached an executive from Pimco to replace Carlo Venes after his promotion and relocation to head office.
The $388 billion US-based systematic asset manager is registering eight funds in Singapore and has moved an executive there to expand its distribution through advisers in the region.
The top 15 active houses worldwide attracted over half of industry inflows last year, proving size matters. Their growth was driven by income funds, equity, multi-asset and alternatives.
Dimensional Fund Advisors will open offices in Hong Kong and Singapore as it targets wealthy individuals as well as institutions.
US-based Dimensional Fund Advisors has hired ex-Fidelity salesman Carlo Venes and intends to open offices in Asia ex-Japan and Tokyo.