08/26/2013
ICICI Prudential MF Launches 'Fund of Funds' Scheme
ICICI Prudential Mutual Fund launched an open-ended scheme which has the mandate to invest in overseas equities.
Alternative Investments
08/25/2013
Wells Fargo (Lux) Worldwide Fund's Foothold In Asia
Availability of the Wells Fargo (Lux) Worldwide Fund on these platforms makes it easy to research and trade in the sub-funds.
08/25/2013
GSAM readying global multi-asset proposition
Goldman Sachs Asset Management is building a global multi-asset proposition for retail and smaller institutional investors, most likely based out of London.
08/25/2013
AIMA Hedge Fund Forum targets greater cohesion
The AIMA Hedge Fund Forum has been created by the industry to foster best practice and growth among its participant
08/25/2013
Art as investment? Only if you love it
These reports make one wonder about the benefits of investing in art.
08/25/2013
HSBC Securities Services launches third party clearing in Singapore
Colin Brooks, global head of sub custody and clearing, said, “Singapore is a key market for our broker-dealer strategy and is pivotal for the development of our industry-leading solutions for this client group.
08/22/2013
IOOF quadruples net profit
The financial services firm’s statutory net profit after tax was $79.8 million for 2012/2013
08/21/2013
Singapore's UOB opens new advisory division in Jakarta
The foreign companies are using Singapore as a regional base for expansion into other emerging economics, including Indonesia, Malaysia, Thailand and Myanmar.
08/21/2013
Millennium duo plans record $1.4 bln Asia hedge fund
Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia
08/20/2013
Thailand to launch first REIT
The newly established RMI Company has filed for approval with the Thai Securities and Exchange Commission to set up Impact Growth REIT and act as REIT manager. Upon approval, Impact Growth REIT is set to be the first REIT ever established in Thailand.
08/20/2013
Chinese Media Investor Bruno Wu Plans $500 Million Private-Equity Fund
The fund will invest in small- to medium-size Internet,digital media and e-commerce companies that "need China for the next wave of expansion," Mr. Wu said in an interview, but declined to name potential investors or investment targets.
08/19/2013
Citi Appointed by Blackrock to Provide Trustee, Global Custody and Fund Administration Services for Newly Launched Fund
“Citi is pleased to be a strategic partner to BlackRock and we look forward to supporting them in their expanding business,” said David Russell, Region Head, Asia Pacific, Securities and Fund Services.
08/19/2013
Dubai’s gold trade waits on India windfall
UAE’s gold and jewellery trade aims to be a direct beneficiary as India imposes further controls on domestic consumption of the metal in all its forms.
08/18/2013
China Cinda Asset Management files application for Hong Kong IPO - IFR
Bank of America Merrill Lynch , Credit Suisse , Goldman Sachs and UBS , had formally began working on Cinda's listing, IFR reported in June.
08/18/2013
Philippine central Bank taps Eastspring Investments as Equity Fund Manager
Eastspring Investments, the Asia asset management arm of UK-based Prudential, has been accredited as one of Bangko Sentral ng Pilipinas (BSP) Provident Fund’s equity fund managers.
08/18/2013
Australian ETF market breaks $8b in AUM
Domestic equities, on the other hand, recorded net outflows, while capital preservation concerns among investors saw cash take second place.
08/18/2013
Fidelity launches SmartFund Account for HK retail investors
Without paying any upfront subscription or switching fees, Fidelity SmartFund account holders can buy and switch among the over 380 funds provided by 10 fund houses at the FundsNetwork platform.
08/18/2013
BBH India wins creative mandate for DSP BlackRock Mutual Fund
Aditi Kothari, EVP and marketing head, DSP BlackRock Mutual Fund, said, “We believe that marketing can no longer remain a support function in the financial services world.
08/18/2013
BNI Seeks to Boost Asset Management
The bank aims to increase its assets under management by 34 percent across the last five months of the year
08/16/2013
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.