Managers of Wealth Asia Pacific

SMBC to set up Mongolia office

An office in the capital Ulan Bator is expected to be set up by the end of the year by the unit Sumitomo Mitsui Financial Group Inc. after approval from Japanese financial regulators.

IIFL Global launches India fund on Mauritius platform

The Strategic India Fund is a collaboration between IIFL Global

Unigestion strengthens Asian presence

Boutique institutional asset manager Unigestion has secured a Capital Markets Services License

AMMB 1Q profit rises 6% to RM468m

AMMB Holdings Bhd reported a 6% rise in first quarter net profit from a year earlier as interest and Islamic banking income rose. Income recognition from acquired entities MBF Cards (M) Sdn Bhd and Kurnia Insurans had also supported bottomline.

Taiwanese funds seek partners for yuan business

Taiwanese asset management firms are scrambling for a slice of the mainland's 270 billion yuan offshore investment funds market

ING IM Renta Fund Global High Yield hits €3 billion in AUM

ING IM expects the asset class to post a positive total return in the range of 5.5 to 6% over the next 12 months.

UBS to Manage China’s First Fund Investing in Rental Homes

UBS Global Asset Management (China) Ltd. will start a fund that invests in Shanghai’s social housing market, the first investment fund of its kind in China.

ANZ voted No. 1 FX provider in Asia Pacific and Australia

“Financial institutions now believe ANZ is the most potent FX provider. ANZ’s impressive run continues in the domestic providers of FX services category [gaining] the top spot for both financial institutions and corporates in Australia,”

Martin Currie suffers first loss following China 'conflict of interest'

The China investment book has taken a significant hit as a result of this conflict,

Wealthy Asians Have Designs On Luxury Brands

The rise of affluent middle class and wealthy consumers in Asia seem to have an insatiable appetite for luxury designer brands that keeps growing despite economic slowdown in the region.

Spike in profit for Wilson Asset Management Active

Wilson Asset Management Active has finished the financial year with $1.5 million in profit

China asset managers to lobby Beijing over competition in Hong Kong offshore yuan

Hong Kong-based fund managers form group to lobby Beijing in their offshore expansion

Cinda close to applying for HK listing: sources

People with direct knowledge of the planned issue predict strong competition for the role of underwriter, but declined to be identified because they were not authorised to speak in public.

Old Mutual eyes Asia and GEM relaunches

Old Mutual Global Investors is planning to relaunch a number of funds in its range, with global equities, Asia and emerging markets touted as major growth areas.

Former Goldman Sachs Managing Directors Plan Asia Hedge Fund

Three former managing directors of Goldman Sachs Group Inc.’s Japan business plan to start an Asia multi-strategy hedge fund early next year

Former fund manager mulls property float

Former fund manager Simon Botherway is believed to be setting up a new investment fund which is looking to acquire prime commercial properties ahead of a public float.

Vietnam’s NPL attractive to foreign investors

Billions of dollars are waiting to run into Vietnam.

Henderson Far East Income slashes annual fee

In recognition of this the manager has decided to share some of this growth with shareholders

Korea State Fund to Spend Up to $10 Billion on Alternatives

Korea Investment Corp., the nation’s sovereign wealth fund, plans to spend as much as $10 billion to triple its allocation to alternative assets, diversifying its portfolio to smooth the fund’s returns.

Citi China Launches New Automated Solution for RMB Cross Border Settlement

Clients benefit from significant efficiency gains as documents associated with a cross border RMB transaction can now be transferred electronically to Citi.

Alternative Investments