Commodity prices are bouncing back, but will Asian asset owners now embrace an asset class they have long shunned? And is this the start of a new bull cycle, or a temporary rally?
As KIC celebrates its 10th anniversary, the fund's CEO and president outlines an ambitious growth plan, including lifting the alternative asset allocation to 15%
The moves comes after the US fund house had gained a dominant share of Julius Baer's shelf space following the Swiss bank's acquisition of Merrill Lynch's wealth business.
BNP Paribas IP poaches BlackRock exec, Credit Agricole hires from BoA-ML, Julius Baer moves to new HK office, BNY Mellon launches new business in Japan, HK SFC appoints non-executive directors.
Sentiment on Europe rises, with investors reporting the largest divergence between US and European equity valuations in the history of the BoA Merrill fund manager survey.
The Hong Kong regulator reprimands and fines Merrill Lynch for regulatory breaches dating back to before the global financial crisis.