Managers of Wealth Asia Pacific

What underpins Ant Group’s 30.2% net profit margin?

Digital payments/merchant services and SME/consumer loans represent the two major revenue streams

China Life posts lower return, trims exposure to bonds and stocks

According to Stella Ng, director for insurance at Fitch Ratings, China Life increased its fixed-maturity assets such as cash equivalents to alleviate investment risk and improve liquidity.

Alibaba pauses investment in Indian startups

It could affect the fundraising plans of Paytm, Zomato and BigBasket

Evans Dixon reports $30.5m loss

"The effects of the COVID-19 pandemic have resulted in significant disruption to global financial markets and heighted uncertainty for the global economic outlook,"

Northern Trust races up custody league tables

NAB Asset Servicing moved from being the second-largest at December end to fourth-largest now.

Magna Praxis is Rebranding to Acclime

The objective is to improve our services to our Clients in terms of geographic coverage, service offerings, and expertise.

Great Eastern Partners Telco for New Insurance Products

The new insurance products, underwritten by Great Eastern

Japan Securities Finance buys 10% stake in Indonesia bourse’s unit

“The investment in PEI is as part of the company’s plan to contribute to the sustainable development of the Indonesian securities market,”

SGX to Offer Free Analytics to Facilitate UMR Preparation

In-scope entities are subject to a mandatory exchange of initial margin (IM) with their counterparties for their bilateral OTC agreements over the USD 50 million IM threshold per counterpart.

Vanguard to shut institutional offices in Hong Kong, Tokyo

The move follows a decision made earlier this year to focus the company’s international business on its core individual investor client segment.

Melbourne boutique wins Crestone allocation

Conscious was started by former Goldman Sachs investor Matthew Tominc late last year, with Channel Capital as its distribution partner.

Canada pension fund CDPQ, Australia’s LOGOS buy Melbourne property

The centre will be transformed into a 120,000 square metre logistics asset, and the entire site will be named LOGOS Broadmeadows Logistics Estate. Sydney-based LOGOS will be the project manager and developer.

Singapore’s GLP unveils 280 billion yen Japan property fund

GLP, which entered Japan in 2002, now manages $19 billion of total assets in six Japanese real estate investment trusts and property funds, including the new fund.

Macquarie introduces new wrap cash fee

An interest rate for the cash accounts of 0.25% per annum will be paid to wrap clients after the 0.44% investment fee and the new 0.29% administration fee have been deducted.

Asset management firms’ net profits soar 46% in Q2

Samsung Asset Management, Samsung Group’s wealth management unit, marked its net profit increase 33 percent on-year to post 18.3 billion won in the second quarter, up nearly 4 billion won from the last quarter.

BMO GAM launches China A-Shares fund

The fund focuses on companies that will grow due to the trends of urbanisation, income growth and technological advances.

Pensioners can store electronic Pension Payment Order in Digi Locker

This system will enable any Pensioner to obtain an instant print-out of the latest copy of their PPO, from their Digi Locker account.

Global fund manager enters Australian market

Sydney-based Robert Harrison and Steven Larkin co-founded and recently launched 3PD.

Hedge Fund Citadel to Open Singapore Office

Citadel first established its Asia presence via the Hong Kong office opened in 2005. As of July this year, the hedge fund has $34 billion of assets under management globally, according to its website.

Japan’s life insurers seek profits in healthcare, foreign assets

The insurers have also been diversifying overseas to reduce their reliance on the domestic market since 2008, focusing on countries like Australia and the US which have growing populations.

Alternative Investments