Ping An Russell Investments will provide access to domestic hedge fund managers in a product for both wealthy clients and US dollar investors through QFII.
The firm is placing country heads in Korea, Hong Kong, Tokyo and Singapore as it strives to expand its multi-manager offering to large institutional clients across the region.
Internal governance and compliance needs have left institutional managers with less time for due diligence and research, sparking interest in multi-manager services, says Northern Trust.
The US firm continues to expand its team in Asia, with hires from First State Investments, Korea Life and Morgan Stanley, among others.
The consulting firm has hired Stephen Roberts from Russell Investments as Asia-Pacific head of investment management and plans to compete in the multi-manager market in the region.
AsianInvestor asked Simona Paravani of HSBC Global Asset Management and Northern Trust's Bert Rebelo for their outlook on multi-manager investments in 2010.
The territory is the first Asian market to receive the multi-manager product, but it may not prove as popular in the region as it has in the UK.
New CEO Andrew Doman says Russell is working on services beyond multi-manager investing for institutions.
Pending regulatory approval, Mercer is building the first retail multi-management platform in China.
Russell and Polaris pin hopes on Taiwan investors developing a taste for the lifestyle fund.
The provider will add three Allianz Global Investor funds to its offering for scheme members.
Launches AXA Elite MPF concept with multi-manager veteran ipac.