The Swiss fund house has applied to register its first fund in Hong Kong with an eye on mutual recognition and other business. It is also planning a multi-asset hire and a China presence.
The firm has set up an RMB bond investment and trading team in Hong Kong and moved its China long/short equity professionals from Geneva to the same city. It is also preparing to trade Vietnam.
The firm points to investor interest in EM debt overall, with a preference for hard over local currency, but is cautious on corporate credit.
The Swiss firm appoints Lawrence Tse from Allianz Global Investors to look after retail and wholesale distribution in the region, based in Hong Kong.
Senior investment manager Bruno Lippens sees investing in high-dividend infrastructure stocks as a sound way to counter likely inflation and volatility.