Persistent widespread underperformance is prompting state institutions to reconsider their return goals and review capital assumptions, finds a new survey by Invesco.
Net sales of mutual funds in Hong Kong have fallen heavily in the year to October, with fixed-income products suffering the most, amid uncertainty over US interest rates and China's economy.
The fund house's growth plans include the hiring of dozens of staff across Asia, its CEO for China, Korea and Singapore tells AsianInvestor. Terry Pan has made Singapore expansion one of his priorities.
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 firm has hired Lindsay Wright from Harvest Fund Management to run its institutional business as well as alternatives and investment solutions. It follows the appointment of Terry Pan.
The US fund house has appointed Terry Pan from JP Morgan Asset Management. It comes after Greater China CEO Desmond Ng left to join Allianz Global Investors.