Equity funds contribute the most to the improved earnings despite their net outflows and a lacklustre stock market, but QDII fund profits turn negative.
Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
Asset management veteran Peter Heng is building up investment capabilities at the Singapore insurer.
Japanese long/short equity and multi-strategy funds are added to the roster of Asian funds.
Former UOB-AM exec Daniel Chan is charged with turning the firm into a major manager of third-party assets.
Hong Kong''s first free market think tank aims to re-introduce Adam Smith, Friedrich von Hayek and Milton Friedman to government thinking.