The former chief of Hong Kong's Hospital Authority Provident Fund Scheme is heading up a new venture supported by some of the biggest pension players
The joint-venture fund company between Principal and China Construction Bank is looking to target China's pension fund market with upcoming fund of funds.
UK-based Newton Investment Management, which runs several funds with Asia exposure, has hired a new head of dealing to replace Anthony Russell.
Principal Global Investors is moving to target wealth managers more aggressively in Asia, with sub-advisory seen as a potential area of growth. Its new global head of wealth advisory spoke to AsianInvestor.
Foreign managers with a joint venture in China are likely to leverage the partnerships to their advantage under mutual recognition. But analysts say the quality of the cross-border relationships will be tested.
The US fund house has applied for a renminbi qualified foreign institutional investor licence and is talking up its parent's China joint venture, despite difficulties encountered by other mainland JVs.