AllianzGI's institutional chief resigns; Nikko AM names new Asia head; Algebris hires portfolio manager; CBRE names asset services chief; and White & Case boosts private equity team.
In spite of the fee cap, Allianz GI's Elvin Yu believes his firm can add value to the core MPF structure and maintain a viable business
Market participants debated issues around plans to bring in a core fund and full portability under Hong Kong's Mandatory Provident Fund scheme.
Despite the proliferation of foreign fund houses and rising domestic demand for diversification, competition and fuzzy regulation are seen to be holding back industry growth in China.
A shift in perceived risk is prompting institutional investors in Asia to look at increasing domestic equity and alternatives allocations, finds an Allianz Global Investors survey.
Asian institutional investors look set to shift heavily into equities from bonds, but are concerned about volatility, according to a survey by Allianz Global Investors.
Shum joins as Asia head of institutional business, having held similar roles at HSBC Global Asset Management and Franklin Templeton.
The former Asia head of institutional business at Baring Asset Management started his new role at RCM yesterday.