07/06/2015
KV Kamath reduces stake in ICICI Bank, sells more than half his holding
During the previous financial year, Kamath sold stocks worth about Rs 54 crore, according to ET calculations based on data in ICICI Bank's annual report.
Alternative Investments
07/06/2015
Shaw Stockbrocking rebrand ups adviser support
Our priority right now is to ensure we have the right mix of personnel and services for our clients
07/06/2015
Coinbase Positioned to Grow Bitcoin Presence in Australia after Investment by Westpac
Coinbase’s Series C funding round, participated in by Westpac, raised $75 million USD in January 2015, from large financial organizations and venture capital firms including Spanish bank BBVA and Fortune 500 financial services group USAA.
07/05/2015
China stock brokers set up $19 billion fund to stem market rout
The 21 brokers led by Citic Securities will invest the equivalent of 15% of their net assets as of the end of June, or no less than ¥120 billion in total
07/02/2015
China Minsheng Investment Corp opens Singapore unit
The Singapore unit will invest in companies in South-east Asia and North America, said Laurence Liao, chief executive of CM International Holding, adding that it already has at least one deal in the pipeline.
07/02/2015
Fired up over coal deal
As the newly crowned president director of Golden Energy and Resources, a subsidiary of the Sinar Mas conglomerate, Mr Fuganto Widjaja is leading the charge to wrest back control of Indonesian assets in a troubled venture.
07/02/2015
China fund association calls on managers to back market
As the government attempts to boost the stock market in various ways, China's fund industry association issues some supportive words of its own. But foreign analysts suggest the authorities will struggle to maintain the market's momentum
07/02/2015
Mint Asset Management Wins Active NZ Equity Mandate from NZSF
The other mandate in active New Zealand equities is with Devon Asset Management.
07/02/2015
Bank of China marks bond listing on Nasdaq Dubai
The two billion renminbi issuance was one of a tranche of bond issues made last month by Bank of China
07/02/2015
Challenger enters strategic partnership with Janus
The founders already had a relationship with Gross via PIMCO, and had been looking to further expand their US presence after establishing California offices in 2013.
07/02/2015
Apollo Global Management, Baring Asia frontrunners in race for Religare; deadline for final bids by month-end
The final bids were to be submitted on Tuesday but the deadline has now been pushed till the end of the month, said multiple sources aware of the ongoing negotiations.
07/02/2015
ANZ’s Hanrahan banking on more inbound M&A
Hanrahan was appointed head on Thursday, replacing Bruce Nettleton
07/02/2015
China's Africa equity fund to reach 5 bln USD in 2015
CAD Fund was set up in 2007 to diversify the financial vehicles that facilitate Chinese investment to Africa.
07/02/2015
CIMB’s separation scheme costs RM443mil
Job cuts in Malaysia and Indonesia will bring about savings of RM292mil a year
07/02/2015
China Zheshang Bank Plans $1 Billion IPO in Hong Kong
Chinese banks have been raising funds to conform to tighter regulatory requirements
07/02/2015
BNP Paribas Investment PArtners Launches China 'A" Shares Index Fund
BNPP IP was among the first asset managers in the Eurozone to be granted RQFII status
07/02/2015
Global fund groups are first movers in mutual recognition
Both JPMAM and Invesco will be relying on bank distribution to market their MRF funds to local investors, while HSBC GAM can call on its extensive branch network
07/02/2015
Chinese, HK fund managers start to apply for mutual recognition
Ensuring investors are fully aware of the different features of funds in the two jurisdictions would be another challenge
07/02/2015
Chinese Developer Chiwayland enters fund management business
Chinese property developer Chiwayland International has entered the fund management business, with a new license that allows private investors to access its real estate fund.
07/01/2015
BHSI expands into New Zealand
Berkshire Hathaway Specialty Insurance has expanded into New Zealand after receiving a licence from the Reserve Bank of New Zealand.