Prudential Asia’s asset management arm says the senior multi-asset portfolio manager for some of its big participating funds is going on sabbatical after 20 years with the firm.
The Taiwanese state pension fund is inviting fund houses to submit proposals for two major five-year global mandates, as it looks to raise alternatives and rotate out poor performers.
The potential onset of inflation due to a “new normal” for the global economy will add to the challenges of investors keen to build a viable multi-asset portfolio.
The departure comes as the German fund house cuts a layer of management in the multi-asset division globally.
The French insurer's asset management business is not up for sale, says its CEO, but it is consolidating certain business lines as part of a strategic shrink of its operations.
Fidelity International is understood to have created a Greater China head of investment solutions role, while Manulife AM’s international head of portfolio solutions has moved on.