Managers of Wealth Asia Pacific

Vanguard to shut institutional offices in Hong Kong, Tokyo

The move follows a decision made earlier this year to focus the company’s international business on its core individual investor client segment.

Melbourne boutique wins Crestone allocation

Conscious was started by former Goldman Sachs investor Matthew Tominc late last year, with Channel Capital as its distribution partner.

Canada pension fund CDPQ, Australia’s LOGOS buy Melbourne property

The centre will be transformed into a 120,000 square metre logistics asset, and the entire site will be named LOGOS Broadmeadows Logistics Estate. Sydney-based LOGOS will be the project manager and developer.

Singapore’s GLP unveils 280 billion yen Japan property fund

GLP, which entered Japan in 2002, now manages $19 billion of total assets in six Japanese real estate investment trusts and property funds, including the new fund.

Macquarie introduces new wrap cash fee

An interest rate for the cash accounts of 0.25% per annum will be paid to wrap clients after the 0.44% investment fee and the new 0.29% administration fee have been deducted.

Asset management firms’ net profits soar 46% in Q2

Samsung Asset Management, Samsung Group’s wealth management unit, marked its net profit increase 33 percent on-year to post 18.3 billion won in the second quarter, up nearly 4 billion won from the last quarter.

BMO GAM launches China A-Shares fund

The fund focuses on companies that will grow due to the trends of urbanisation, income growth and technological advances.

Pensioners can store electronic Pension Payment Order in Digi Locker

This system will enable any Pensioner to obtain an instant print-out of the latest copy of their PPO, from their Digi Locker account.

Global fund manager enters Australian market

Sydney-based Robert Harrison and Steven Larkin co-founded and recently launched 3PD.

Hedge Fund Citadel to Open Singapore Office

Citadel first established its Asia presence via the Hong Kong office opened in 2005. As of July this year, the hedge fund has $34 billion of assets under management globally, according to its website.

Japan’s life insurers seek profits in healthcare, foreign assets

The insurers have also been diversifying overseas to reduce their reliance on the domestic market since 2008, focusing on countries like Australia and the US which have growing populations.

Challenger launches new lifetime annuity

Challenger has launched a new lifetime annuity with payments linked to the cash rate.

VanEck to launch four new ETFs

VanEck is set to launch four new ETFs, capitalising on innovation in healthcare and major worldwide trends such as eSports.

BlackRock, Temasek to set up China asset-management joint venture

BlackRock chief executive officer Larry Fink said China remains one of the firm’s top regions for growth despite uncertainties brought on by tensions with the US and the virus.

Singapore grows rapidly as one of the top offshore RMB hubs

The growth of Singapore as an offshore RMB centre comes at a time of ongoing exchanges between senior Singapore and Chinese officials

Biggest forex buyer in emerging Asia builds on record buffer

“desire to build a bigger buffer amid India’s deteriorating fiscal position to safeguard against a further downgrade in the sovereign rating.”

Suncorp wealth business down

Suncorp has been battered by extreme weather events

Retail investors surpass one million

The majority of these first-time investors were under the age of 40 (70%), up 19% from the previous year.

US asset manager Thornburg hires Concord Capital as Taiwan placement agent

The company has a distribution channel that includes over 30 banks, six insurance companies and 12 securities brokers.

DBS PB’s barbell strategy returns 7% this year

In contrast, mixed-asset products offered by third-party fund managers have only returned around 0-2% so far this year.

Alternative Investments