08/07/2015
CIFM becomes first Mainland manager to obtain QDLP
A CIFM’s spokesperson told Asia Asset Management that the firm has been granted a QDLP quota of US$100 million.
Alternative Investments
08/07/2015
Canadian manager wins first RQFII licence in N America
The asset management arm of a giant Canadian wealth firm has won the first RQFII licence in North America, months after it established a Hong Kong office.
08/07/2015
Sun Life prepares to open HK asset management firm
Roger Steel, Asia president for new markets and business development, said that the new Sun Life Investment Management unit will likely start operations this year
08/07/2015
Behind enemy lines - foreign hedge funds thrive in China
Since peaking in June, the Shanghai and Shenzhen markets have fallen nearly 30 percent
08/07/2015
Pramerica buys Deutsche Bank’s asset management business in India
Pramerica Asset Managers Pvt. Ltd. is a wholly owned subsidiary of Prudential Financial, Inc of the US and is the asset management company for Pramerica Mutual Fund, registered with Securities & Exchange Board of India.
08/06/2015
PSPF grants funding for global real estate equity mandate
PSPF has yet to finalise the schedule to grant the remaining US$150 million for the global infrastructure equity mandate to the two managers.
08/05/2015
Government plans to issue Samurai bonds worth 100 billion yen
The RIJPY0818 and RIJPY0820 are the first to be issued without a Japan Bank for International Cooperation (JBIC) guarantee, with diversified investors in the Japanese debt market.
08/05/2015
SAFE distributes US$960 million in QFII quotas
The move extends the total quotas under the scheme to 276 entities and a value of US$76.5 billion.
08/05/2015
Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion
Recently Picken was traveling in China addressing a crowdfunding conference and speaking with potential partners.
08/05/2015
Alpha Fund Managers Add AllianceBernstein Global Equities Fund To Multi-Manager Portfolio
Global asset manager AllianceBernstein announced today that multi-manager Alpha Fund Managers has become the initial investor in the AllianceBernstein Global Equities Fund.
08/05/2015
Nomura Asset Management to launch JPX-Nikkei 400 ETFs
From the listing date, investors will be able to trade the ETFs on the TSE through securities dealers and traders in Japan.
08/05/2015
Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion
Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate.
08/05/2015
Sundaram Finance to exit BNP Paribas Sundaram Global Securities
BNP Paribas Sundaram Global Securities Operations Private Limited provides securities services and investment operations solutions to financial intermediaries, institutional investors.
08/05/2015
JPMorgan-linked China joint venture gets approval to invest overseas
Shanghai authorities granted a joint venture involving JPMorgan the right to raise funds in China to invest in overseas assets
08/04/2015
Blackstone, Fortress among bidders for Japan's Simplex: sources
The second bidding round is expected to close by the end of this month
08/04/2015
Birla Group to invest up to $10 million in disruptive ideas across financial services, retail
Umesh Adhikary, corporate strategy president at Aditya Birla Management corp, will lead this initiative. The money will come from Birla’s family office.
08/04/2015
Northern Trust wins UCA mandate
UCA Funds Management is reported as Australia's first dedicated ethical funds manager, beginning in 1985
08/04/2015
Motilal Oswal ties up with IMAP for investment banking deals
The tie-up allows Motilal Oswal to undertake cross-border transaction across 35 countries where IMAP has partner network
08/04/2015
IMF review recommends delaying currency basket adoption of yuan
The report said the implementation of any formal decision to add the yuan to a basket of currencies comprising dollars, euros, pounds and yen should be delayed
08/04/2015
QIC Announces $800M First Close on Global Infrastructure Fund
By announcing the first close, the fund can officially begin deploying capital.