Funds must prepare for $4.3tr outsourcing surge

Global asset managers need to expand their local operations in mainland China and much of Southeast Asia if they are to fully benefit from $4.3 trillion of outsourced fund mandates over the coming decade, according to a new study by institutional asset management consultancy Spence Johnson. The UK-based company’s study considered central banks, SWFs, insurance companies, pensions and other small asset owners (banks, treasuries, corporate, credit unions, etc) in 10 countries across…