Elizabeth Soon, head of Asia ex-Japan equities, says unpredictable markets puts the focus on companies robust enough to survive the crisis and gain market share over the long term.
The US-based asset manager has hired a Greater China equity portfolio manager and three other investment professionals.
Fund managers say the global hunt for yield is exacerbating the liquidity problems in Asian bond markets and have their doubts about how the issue can be resolved.
The Chinese authorities have moved to address outstanding investor concerns over access to the mainland interbank bond market by issuing guidance and rules on capital remittance.
Newly proposed rules – due to take effect later this year – are set to help Korean insurers increase their overseas and alternatives exposure with a view to tackling falling returns.
Farallon and PineBridge are in the process of jointly acquiring AAA Asset Management, subject to regulatory approval, according to sources close to the deal.