Managers of Wealth Asia Pacific

HBL’s subsidiary to acquire PICIC Asset Management

The asset management subsidiary of Habib Bank Limited will acquire 100% shares in PICIC Asset Management for Rs4.1 billion, a stock filing said on Tuesday.

Reliance Capital to set up global commodity exchange at GIFT-City

Reliance Capital on Wednesday announced that GIFT, a Gujarat government project, has allotted 5,00,000 sq ft of space in the International Finance Service Centre Special Economic Zone, being set up under the GIFT project, to the company.

FX reserves increases on gains from asset management

The BOK said Korea was the world's sixth-largest holder of foreign reserves in April. China had the largest FX reserves with $3.7 trillion, followed by Japan with $1.3 trillion. The data for China is based on end-March figures.

Henderson acquires IOOF's Perennial

Henderson Group has acquired fund manager Perennial Fixed interest Partners and Perennial Growth from IOOF and has increased its stake in a third investment firm.

PAG close to selling Daimler Japan properties in $800 mln deal-sources

The deal to sell the Mitsubishi Fuso Truck and Bus Corp properties is expected to be finalised in the next few weeks, the people said,

Manulife Asset Management: Cash the culprit in Asia as investment returns fail to match cost growth

Investors losing ground each year as savings grow more slowly than costs due to inefficient asset allocation - excessive cash holdings emerge as the key culprit

HK managers face product dilemma over funds link

Hong Kong subsidiaries may have to redesign their RQFII product offerings as a result of upcoming mutual recognition, as they face direct competition with funds offered by their mainland China parent firms.

Former HKMA Official Plans Chinese Bond Fund for Institutions

Brummer & Partners has bought a stake in Edmund Ng’s Hong Kong-based Eastfort Asset Management

Eyeing outbound Asian real estate capital

For ING Real Estate Finance, its presence in Asia and knowledge of European property go hand in hand

China and Germany tie-up on RMB internationalisation

Shanghai Stock Exchange, China Financial Futures Exchange and German exchange operator Deutsche Boerse have agreed to set up a Frankfurt-based joint venture (JV) in a move to promote trading of offshore RMB financial instruments.

Softlogic Capital net profit doubles to Rs 782m this year

The result was more than double previous year's PAT of Rs. 309 million.

DGCX’s deal with Bank of China to up interaction

The agreement creates a frame-work for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.

Sahara group says not bidding for Grosvenor House hotel

With its prized property, Grosvenor House, put on sale by lender Bank of China for a loan 'default', crisis-hit Sahara group led by Subrata Roy...

1MDB partners pump US$1 billion into troubled strategic fund

Troubled 1Malaysia Development Berhad's (1MDB) Middle East partners will inject US$1 billion into the debt-laden strategic fund for early repayment of a US$975 million syndicated loan led by Deutsche Bank, the Finance Ministry said today.

Overnight millionaire: Record penthouse deal nets 26-year-old property agent $1.5m

The deal would have reaped PropNex agent Shirley Seng a commission of about $1.5 million

Nomura launches USD and EUR-hedged JPX-Nikkei 400 UCITS ETFs

The ETFs are listed on the London Stock Exchange and are available to investors in key European markets.

Investec AM exploits RQFII licence for double China fund launch

Investec Asset Management is exploiting flexibility offered by the Renminbi Qualified Foreign Institutional Investor (RQFII) rules to launch China-focused equity and bond funds

GO Scale Capital and Philips Choose Bank of China as Mandated Lead Arranger and Sole Bookrunner of $1.93 Billion USD Debt Facilities to Finance Acquisition of Majority Interest in Lumileds

This business will continue under the name Lumileds.

CIMB-Principal Eyes RM300 Million In Sales From New Fund

The fund can be purchased at a minimum subscription of RM10,000 while the additional investment is RM5,000.

RAM Active Investments has appointed Nexus Investment Advisors

RAM Active Investments has appointed Nexus Investment Advisors Limited as manager of RAM ASIA BOND TOTAL RETURN FUND (previously known as SAMENA GLOBAL FUNDS - CREDIT OPPORTUNITIES FUND), keeping in place the same investment team since the fund’s i

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