10/30/2020
KKR Launches Renewable Energy Platform Virecent Infrastructure in India
New platform to own and operate a diversified portfolio of renewable assets in India
Alternative Investments
10/30/2020
Is private equity the solution for diversification?
“As a component to an overall equity portfolio, what it can really do is dampen the volatility across the whole portfolio.”
10/30/2020
Fidante Partners and aligned investment managers recognised at 2020 Zenith Fund Awards
While many fund managers have experienced net outflows during the pandemic, Fidante Partners, with our 15 aligned fund managers, enjoyed strong net fund inflows.
10/30/2020
African Insurer Old Mutual to Expand Business in China
Old Mutual stuck with the partnership with China Energy Investment Corp., one of the world’s biggest power producers, after resolving ownership issues following a consolidation of the nation’s utilities.
10/30/2020
Ares bids for AMP
While AMP gave no indication of the value of the offer, chief executive of Deep Data Analytics Mathan Somasundaram told Financial Standard it is likely in the realm of around $1.80-$2.00 per share.
10/30/2020
UniSuper revises fees for TTR members
Under the Flexi Pension Balanced option for example, TTR members pay 0.40% per year but do not pay admin fees.
10/29/2020
Australia’s State Super hires Ninety One for China equity mandate
The strategy has a portfolio of 30-50 Chinese companies with strong quality, earnings, value and technical characteristics
10/29/2020
Singapore’s Temasek, Google to buy stake in Indonesia’s Tokopedia for US$350 million, report says
Temasek had a net portfolio value of S$306 billion ($225.11 billion) as of end-March.
10/29/2020
New super benchmarking flawed: Rice Warner
Rice Warner said that while everyone agrees underperforming funds and products either need to be improved or removed from the system, the proposed new means of measuring are not the ideal way to weed them out.
10/29/2020
Link rejects revised offer
The consortium has upped its bid from $5.20 per share to $5.40 (via a scheme of arrangement), which Link was not satisfied with.
10/29/2020
Evans and Partners looks to delist LITs
Fund accounting will change from Evans-owned Australian Fund Accounting Services Pty Ltd to Mainstream.
10/29/2020
HKEX Welcomes First Hong Kong/Mainland ETF Cross-Listing
Hong Kong Exchanges and Clearing Limited (HKEX) has announced that it has welcomed the first listings of Exchange Traded Funds (ETFs) in Hong Kong and Shenzhen under the Hong Kong-Mainland ETF Cross-listing Scheme, which facilitates cross-listing of ETFs
10/29/2020
Nomura Reports Second Quarter Financial Results
For the six months to September, Nomura reported net revenue of 829.7 billion yen (US$7.9 billion), up 16 percent from the same period last year.
10/28/2020
Chinese corporate bond defaults seen rising in 2021
Private companies face higher financing risk than state-owned peers
10/28/2020
Matthews Asia reduces OCFs across all UCITS equity funds
Following ten-year anniversary of fund range
10/28/2020
Endowus launches Fund Smart for Singapore Investors
Endowus, a leading Singaporean digital wealth management platform, has announced the launch of their new investment solution — Fund Smart.
10/28/2020
Nikko and ICBC to list Singapore’s first China bond ETF in November
Tokyo-headquartered Nikko Asset Management had US$235 billion of total assets as of June 2020.
10/28/2020
HUB24 to acquire Xplore, offloads Paragem
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business.
10/28/2020
Northern Trust scores win in Vanguard reversal
Northern Trust Asset Management has snagged a $5 billion allocation as Vanguard reverses from special mandates in Australia and New Zealand.
10/28/2020
Pinebridge preps bond fund launches in HK
The US-based asset manager has gained authorisation from the Securities and Futures Commission (SEC) to sell two fixed income products to Hong Kong retail investors.