Managers of Wealth Asia Pacific

MFs fear large-scale investor exit on yuan devaluation

Yuan fall will further increase dumping of Chinese steel and textiles

ArthVeda launches $250 million real estate fund focussed on India

Offering GCC investors an opportunity to reap dividends from India’s mid-income residential real estate growth, global asset management firm ArthVeda Fund Management today launched STAR Fund II with a corpus of $250 million.

Activist Hedge Funds Targeting Asian Companies

More Asian enterprises are surrendering to them, too.

Soros fund reduces stakes in Chinese internet giants

The fund, which now only invests for George Soros, his family and his foundation, announced on August 4 that chief investment officer Scott Bessent would exit at the end of this year to start his own hedge-fund firm.

SITA to facilitate investments in East African countries

The approximate investment of these projects was expected to be $18 million.

Jack Ma Website With Junk Debt a Click Away Raises Risk in China

Default risks have also mounted in the nation’s private junk bond market, started in 2012.

The Rohatyn Group to Divest Sharekhan Limited, India's Leading Broking Service Provider

Sharekhan, based in Mumbai, India, is one of the country’s leading online retail broking house and a diversified consumer franchise.

Invesco Great Wall readies Shenzhen Connect fund

The joint-venture asset manager is preparing a mutual fund designed for trading on the upcoming Shenzhen-Hong Kong Stock Connect, despite market fears over delays to the scheme's launch.

Sumitomo to acquire US insurer Symetra Financial Corporation

Upon closing, Symetra will become a wholly-owned subsidiary of the Japanese company, which will use its cash and deposits to fund the transaction.

Bond managers reeling from PBoC's devaluation

The PBoC's surprise 1.9% devaluation of the renminbi has left a hole in bond fund managers’ portfolios.

JP Morgan replaces NAB at Telstra Super

Telstra Super has replaced NAB Asset Servicing with JP Morgan Investor Services as its master custodian following a review and tender process.

Chinese buyers making mark on Vancouver’s luxury housing

The new data offer fresh granularity into Vancouver’s cosmopolitan housing market, where the average cost of a detached house has soared to $2.23-million

JD.com Billionaire Chairman's Wealth Drops On Alibaba-Suning Deal

The decline in JD’s shares price cut more than $500 million from Liu’s wealth yesterday

Sun Life eyes AsiaPacific distribution expansion

The insurance and wealth group is looking at opportunities to grow its Asia distribution capabilities, with a particular focus on Singapore and Thailand. But the firm is concerned with achieving scale in new markets.

Ethical Australian mandate for Northern Trust

As a full-service provider for Australia and New Zealand, Northern Trust offers solutions such as investment accounting and tax, unit registry services, investment operations, outsourcing and custody.

Philanthropic fund on target

The dual mandate Future Generation Global Investment Company is on target to reach its initial investment amount with about half the funds raised.

Polaris buy-out: Tech majors make bee-line for controlling stake in the company

They help large banks like Citi, Bank of Tokyo Mitsubishi and multi-national insurance giants build and maintain their technology backbone.

Noble Group Said to Ask Deal Maker Klein to Review Options

Noble Chief Executive Officer Yusuf Alireza told investors on Monday that talks with potential parties were “ongoing.

Macquarie, Morrison eye Pacific Hydro

The sales process for Pacific Hydro is starting to gather speed through advisers Bank of America Merrill Lynch and Credit Suisse.

Marco Polo Hedge Fund Sees Year-End China Rally After Wild Ride

While Boesky predicts a rally by the end of the year, he is waiting for evidence that the government will be able to control margin debt.

Alternative Investments