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Alternative Investments

03/23/2016

Edelweiss Asset Management to acquire JP Morgan’s Mutual Fund

Along with the schemes, EAML is committed to absorbing majority of employees of JPMAM ensuring business continuity as well as a platform for enhanced growth across the Edelweiss Group.

03/22/2016

New World Development Wins Go-Ahead to Take Chinese Unit Private

The deal has gained the support of shareholders representing more than 97 percent of the stock on offer, both companies said in statements Monday.

03/22/2016

Godrej Properties raises $275-mn through real estate fund, partners with Dutch firm

Godrej Properties Ltd, the real estate arm of the Godrej group, in a statement, said it has created a dedicated real estate funds management business in India and Singapore -- Godrej Fund Management.

03/22/2016

Bond funds being rebadged 'absolute return'

Bond managers are increasingly using the phrase 'absolute return' to market their credit funds

03/22/2016

Lazard Asset Management picked as Best Korean equities manager

AsianInvestor also picked Shinyoung Asset Management Co. as Best Korean equities manager under the large fund house category and Schroder Investment Management Ltd. as Best international equities manager.

03/22/2016

New Chief of World's Biggest Pension Fund Facing Tough Start

A new manager to take the reins in a Japanese election year marked by volatile stock trading.

03/22/2016

Manila’s ridesharing app U-Hop gets $7.4m funding for Asia rollout

U-Hop is an Uber for shuttle vans that’s fast growing in Manila.

03/21/2016

UBI Banca to expand beyond Mena into South Africa and Far East

UBI Banca, which was converted into a joint-stock company in October, has opened three new representative offices since mid-2015 – in New York, Casablanca and the Dubai International Financial Centre.

03/21/2016

China Post acquires Royal Bank of Scotland’s ETF business

The terms of the deal were not disclosed but the purchase was carried out by China Post Global, the group’s international fund arm, which was set up in Hong Kong last year.

03/21/2016

Real estate bill to facilitate foreign direct investment

"It will bring overall financial discipline. The bill also provides comprehensive consumer protection which was hardly existed before," he added

03/21/2016

Pacific Equity Partners through to StatePlus second round

This column understands PEP is taking counsel from Goldman Sachs.

03/18/2016

Chinese hedge fund scramble as regulators clean up 'Wild East'

The new hedge fund rules aim to shrink a vast industry insiders describe as a "Wild East" rife with fraud.

03/18/2016

Reliance Capital, Nippon Life conclude asset management equity deal

Thursday's transaction pegs the valuation of the asset management company at $1.3 billion.

03/18/2016

Maples FS selected as administrator for new asset-based direct lending fund

"We appreciate the flexibility and adaptive nature in the fund servicing solutions that they offer and are confident in the team’s expertise and knowledge with credit and financing strategies."

03/18/2016

Japan's Orix plans $1 billion U.S. private equity deals: source

An Orix spokesman confirmed the company has set up a private equity company in the United States but declined to comment on investments or any other details.

03/17/2016

NIB, MCB start merger talks

Temasek owns NIB through its fund management arm, Fullerton Financial Holdings.

03/16/2016

Global pension, sovereign wealth funds to invest $50 bn in infra

Indian infrastructure firms are trying to sell assets since they have to service long-dated liabilities, say analysts

03/16/2016

European development bank opens new office in Tokyo

It also plans to reinforce cooperation with the China-led Asian Infrastructure Investment Bank and work on co-financing projects.

03/16/2016

Maples Fiduciary opens in Hong Kong

Maples Fiduciary, a division of MaplesFS, has opened an office in Hong Kong, to expand the group's coverage of the region.

03/16/2016

Point72, Balyasny Vie for Talent in Asia Hedge-Fund Shakeout

Acion Partners and Pinyin Capital Management Hong Kong that are recruiting employees amid a shakeout in the business, thanks mainly to their success in attracting deep-pocketed backers.

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