Managers of Wealth Asia Pacific

ING says to pay off bail-out loan ahead of time

ING will fund the repayment from the capital surplus at the ING group

PE Milestone Captial to raise Rs 80-100 crore from Gujarat by targeting rich Gujarati’s

We expect to raise somewhere between Rs 80 to Rs 100 crore from Gujarat alone

Exchange fund notches HK$18.7b in losses in third quarter from forex, stock holdings

Reserves hit by drop in value of euro, yen and British pound holdings

LP eyes RM3.29bil in investments

Global fund manager LP Group is targeting investments totalling US$1bil in Malaysia over the next three to five years.

AIFs lead in investment fund growth

India’s alternative investment funds grew at a scorching pace in the last one year, outpacing traditional investment avenues like mutual funds

RQFII fever spreads to South Korea

After the first Korean fund house received an RQFII licence in late October, a raft of others are tipped to be on the way. Meanwhile, more French and Singaporean institutions won quota last week.

Westpac merges seven legacy wealth systems

Celebrates completion of retail online banking migrations.

NZ state pension fund operator axes AMP Capital equities mandate

AMP Capital's mandate to manage active New Zealand equities on behalf of the state body was terminated on Oct 30, the Guardians of NZ Superannuation said in a statement.

Mirvac pays $224.1m for Altis industrial assets

Mirvac chief executivce Susan Lloyd-Hurwitz said the acquisition enhanced the group's operating leverage in the industrial sector

KOREA: Investment in property assets in Europe

Recent big-ticket commercial property deals highlight the increasing role Korean investors are playing in the European property market.

Investec granted RQFII licence; plans China funds

The company has also been allocated its first investment quota by the Chinese State Administration of Foreign Exchange.

China central bank signs $6 bln currency swap with Qatar

China's central bank has signed a 35 billion yuan currency swap deal with its Qatari counterpart, in a step towards expanding use of the Chinese yuan in a region long dominated by the U.S. dollar.

Neuberger Berman Announces Partnership With Samsung Securities

We are very pleased to partner with Samsung Securities and Samsung Asset Management

With Cinda Tie-Up, Oaktree Rewrites China Deal-Making Playbook – Marks

I think that to be a private equity investor, especially in Asia, you probably have to be equity, growth, strategic

China Hedge Funds to Blossom Under New Rules

China’s hedge funds, which have for years operated in a legal gray area, are moving into the mainstream as regulators roll out laws and measures to manage the fast-growing industry.

Nikko AM to launch first in series of ASEAN passport funds

The fund house plans to launch the Nikko AM Shenton Horizon Investment Fund – Singapore Dividend Equity Fund in Malaysia with Affin Hwang Asset Management, subject to regulatory approval from the host country.

Japan pension fund commits to big switch to stocks

A long-awaited overhaul of Japan’s national pension fund surpassed investors’ expectations on Friday, as the world’s largest institutional investor said it would put half of its assets in stocks while cutting its government bond holdings

Will we see more alliances among MFs?

The need for higher net worth and losses for some makes the trend of consolidation imperative

Haitong International Securities buys pan-Asian broker

Haitong will pay US$20 million for the London-based brokerage Japaninvest

Next stop for the yuan's global journey: Canada, Middle East

Even as China quickly expands the use of its currency to financial hubs in Asia and Europe this year, bankers are already looking to Canada and Middle East as the next growing regions for their offshore yuan Bunsen's.

Alternative Investments