Managers of Wealth Asia Pacific

Brummer-Backed Asia Hedge Fund Closes

Orvent Asset Management has closed its doors after Burmmer & Partners redeemed its investment in April, Reuters reports.

BNP Paribas Targets Asia As Europe Rivals Pull Back

France's largest bank is taking tentative steps toward boosting its reach in Asia at a time when the sovereign debt crisis closer to home is prompting rival European lenders to cut back exposure to the region.

Taiwan FSC builds towards Basel III

Local Taiwanese banks are well capitalised and in a strong position to meet the Basel III capital requirements, says Financial Supervisory Commission (FSC) vice chairperson Jih-Chu Lee.

BNP Paribas - Hong Kong leads development of Asian hedge fund industry

Ricard told AsianInvestor.net that the fund industry in Asia is experiencing a dramatic change that is expected to see Asian fund managers expand their capabilities to transcend regional boundaries, incentivize regulators and sign bilateral agreements.

OCBC NISP seeking to acquire financing firm to boost loans

OCBC NISP president director Parwati Surjaudaja said on Tuesday that the financing firm would most likely be either a bank or an automotive financing firm that lends for heavyweight equipment, cars and motorcycles.

London seeks lead role as China's currency goes global

The transaction was an unlikely harbinger of a shift in the global financial system, and the prediction about the importance of the Chinese currency in trade proved prescient.

Credit Suisse, BofA gain prime broking market share in Asia: Survey

The Asian prime brokerage units of Credit Suisse and Bank of America Corp gained market share in the last one year when Goldman Sachs and Morgan Stanley, the top-two industry players, lost hedge fund clients and assets, a survey showed.

Singapore's low taxes lure commodities trader

Asian economic growth led by China is causing a shift in the global demand centre from West to East, prompting a hiring spree among Singapore's commodity houses.

Reliance Capital 4Q Net Profit At INR3.29B

Consolidated revenue rose 25% to INR20.02 billion.

Henderson eyes opportunities in Australia

Henderson Global Investors will on Monday launch its first asset management business in Australia as it seeks to expand its operations beyond the troubled shores of Europe.

Tyndall taps Goldman Sachs as global fixed income manager

Tyndall Investment Management New Zealand has dumped its boutique New York-based fixed interest portfolio manager in favour of Goldman Sachs, citing in part fears about the quality of European bond issuance.

Man Group to buy hedge fund business

The combined multi-manager business will have total funds under management of approximately $19 billion, making it the largest independent non-US based fund of hedge funds.

Aussie bonds a good buy, says UBS

Japanese investors will likely be among those attracted by the weaker currency, which this week tumbled below parity against the greenback, said Anne Anderson, head of fixed income for Asia Pacific at UBS Global Asset Management.

China tops India in gold demand for second quarter

Chinese demand had expanded to 201.6 tonne in the previous quarter against 173.0 tonne in India.

Asia traders shatter tradition to get social

Social media is increasingly influencing the world of finance and investing. Some hedge funds use Twitter to capture investor sentiment on a given stock and some central banks use internet data to help them gauge economic conditions.

Citi Ranked #1 in Global Custody Services - Survey

Citi has been ranked #1 in global custody services by the world's leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor.

Asia's private museums blaze new trails in art world

Art HK advisory board member Philip Dodd, the former director of the Institute of Contemporary Arts London, said the growth of private museums was symbolic of the shift in economic power from West to East.

Why would Asian central banks suddenly be selling euros?

Until now, they have been diversifying a certain percentage of their dollar reserves into euros buy buying EUR/USD. Now, the process is reversed.

Agricultural Bank buys Hong Kong office for $630m

ABC will use the 28-storey building as its Hong Kong headquarters, making it the first of China's big four banks to own its office building in the city.

QFII funds seek bigger investment quotas in China

Some inter international institutional investors say the current QFII quota limits their investment capability, meaning they can’t complete their portfolios.

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