Principal Global Investors is boosting its Asia sales team with an eye on China's RQFII programme and the mutual recognition programme between Hong Kong and the mainland.
Jane Fung is leaving for another role after a decade with Old Mutual Global Investors, as the firm ramps up its expansion plans, including the hire of a new distribution head.
The sub-advisory business of Old Mutual has added inhouse investment expertise in the UK. Now it is debating how it covers Asia and what it might need to add here.
SIG turns to Five Oceans for a $350 million long-only global equity mandate, seeing its management of volatility as preferable to the dynamic macro approach of JP Morgan AM.