Managers of Wealth Asia Pacific

WAM Capital bids for Wealth Defender LIC

Taking aim at the "perennial discount" of WDE's share price relative to the pre-tax asset value, WAM said the fund manager had "underperformed its benchmark".

Over $1b of Aussie super funds caught up in GAM scandal

The $45 billion Rest was 2.2 per cent invested with GAM under a defensive alternatives mandate, and the $13 billion CareSuper was invested in the GAM Absolute Return Bond Fund, those reports

Australia’s Future Fund tops benchmark with 9.3% return

The return was up from 8.7% in the preceding 12-month period and was also higher than the fund’s investment mandate benchmark of 6.6%.

BPI debuts in offshore bonds

BPI diversifies funding sources with first offshore USD bonds, proceeds will be used for general corporate purposes

KKR-backed Avendus arm to float environment-focused impact fund

Avendus claims it to be India’s first ESG fund, and said that the fund will commence investments from the end of this calendar year.

WAM Capital announces LIC takeover bid

WAM Capital said WDE's investment manager has "underperformed its benchmark since inception" and its shares have traded at a "perennial discount" to reported pre-tax net tangible assets.

Malaysia’s Amanah Saham Nasional to launch two retail funds in September

The document was posted on the SC’s website on August 27.

Nikko Asset Management takes top honours at FundSource awards

FundSource presented 14 awards in total.

Praemium picks up new SMA partners

Praemium said the new portfolios would give it the most comprehensive range of domestic and international models with an SMA, and would help meet the growing demand from investor for globally diversified portfolios.

Super assets hit new record

Self-managed super fund (SMSF) assets reached $749.9 billion, growing 6.4% year on year.

Another Australia firm gets RQFII quota

Globally, this is not the first time the firm is investing onshore. Its Ireland-based entity has a QFII quota of $200m, which was granted to the firm in 2014.

LJ Partnership heads Down Under

The partnership will enable both parties to provide their clients with a broader range of service offerings and co-investment opportunities in New Zealand, particularly in private debt and real estate.

AXA Singapore unveils new high net worth insurance solution

The protection also extends to properties such as yachts and luxury and performance cars.

Innovating insurance: the Tokio Marine difference

Tokio Marine is effectively competing in a league of its own.

Malaysia’s $35b pension fund KWAP buys two student housing properties in UK for $51m

Both properties are student housing spaces, located close to the University of Birmingham, University of Edinburgh, Heriot-Watt University, Edinburgh Napier University and Queen Margaret University.

Legend Holdings Net Profit up 5%

These six months were marked by a juxtaposition of challenges and opportunities.

Nomura Issues 1st Series of Unsecured Straight Bonds with No Negative Pledge or Other Financial Covenants

Nomura will be subject to the Total Loss-Absorbing Capacity regulation* from March 31, 2021. The bonds will qualify as TLAC-eligible debt.

BIMB has no plans to dispose of stockbroking unit

BIMB Holdings group chief financial officer Malkit Singh Maan said BIMB Securities’ profit was lower in the first half of the year mainly because of the disposal of its investment portfolio before the 14th general elections in May.

Ping An Insurance aims to take its financial, health-care technologies into new Asian markets

These technology businesses are now mature enough for us to export into overseas markets,” Tan said in an interview in Hong Kong.

ASIC publishes a review of reverse mortgage lending

From 2013 to 2017, two credit licensees provided 80% of the dollar value of new loans from 2013 to 2017.

Alternative Investments