Having majority stakes in Chinese fund management joint ventures should give overseas firms more certainty in setting remuneration levels and bringing in talent.
The shift comes as they expand into alternative assets and third-party fund management, boosting their need for investment talent, an AsianInvestor forum heard.
Asian private equity managers must do more to retain key staff or face closure, says Michael Di Cicco of search firm Heidrick & Struggles, citing new research on industry compensation.
Foreign fund houses spend significantly more on outsourcing expenses and salaries than local asset managers in Japan, finds a new study, among other conclusions.
Asian asset managers worry they may be affected by European Union plans to introduce a bonus cap for senior executives at firms running Ucits funds.
Compensation is increasing for Asian equity and fixed income buy-side professionals, with investor inflows to the region forecast to drive salaries nearer to US levels, finds Greenwich.
Projections suggest total compensation in Asia is up 8% in fixed income and 10% in equities this year, rising quicker than in the US, although Asian professionals still earn substantially less than their US counterparts.
What does it cost to pay a hedge fundÆs staff? We asked someone who knows.