Yin Haining and Markus Egloff join KKR as managing directors for its client partner group; QIC CIO to retire, promotes Allison Hill; Fidelity China President resigns; AIA Singapore appoints chief distribution officer; PE fund appoints VP of ESG and risk; Haitong International hires global head of asset management from Goldman Sachs; and more
HSBC Asset Management names Michael Cross as global fixed income CIO; Jessica Jones has been appointed PGIM Asia head; Eastspring welcomes former HSBC Apac CIO; BlackRock names Apac index investments head; Haitong International launches family office business; Jupiter hires from AllianzGI; State Street names Apac collateral lead; and more.
New research by GIC and PGIM says that while multi-asset portfolios could bounce back from a V-shaped recovery, a liquidity shortage could occur more often under a U-shape one.
The two US firms are to launch open-ended core real estate products to tap rising demand among global investors for Asian property. BlackRock may also consider such a move.
Bonds are still a good investment, despite expected US interest rate rises, says Robert Tipp, senior portfolio manager at PGIM Fixed Income.