Managers of Wealth Asia Pacific

Fund managers hail Hong Kong product reform but expect slow progress

Proposed law change will allow open-ended corporate structure to enhance flexibility but industry players expect progress to be slow

K-Green Trust seeks to change name, invest in a wider range of assets

The manager of K-Green Trust, a business trust focusing on investing in eco-friendly infrastructure assets, is proposing to change the trust's name and expand the variety of assets it can invest in.

Manulife keen to venture into Malaysia's takaful business

We have 1,100 captive unit trust advisors that we could use to crosssell our other products

Private sector banks to extend working capital funds to other firms

Bickering between the private sector and state-owned lenders has forced the corporate debt restructuring cell to ask all banks, including private ones, to extend working capital funding to companies whose loans are getting restructured,

Hedge fund investors returning to Asia

A survey conducted by hedge fund tracer AsiaHedge said Asia-focused hedge funds added USD20bn in assets last year showing that investors are starting to return to the region.

Japanese banks to invest in $3 bln CVC Asia private equity fund

London-based CVC plans to invest the fund in companies across the region, in countries such as Indonesia, Malaysia, the Philippines and China.

Exim Bank raises $ 500 million from offshore market

The securities offered a yield of 3.961% for five and an half years tenure. Investors across Asia, Europe and US have subscribed the issuance, which was rated as BBB- by rating company S&P.

Chancery Starts Fund Betting on Multi-Year Gold Equity Rally

Gold stocks will outperform bullion and may be set for a multi-year rally as producers cut costs and take a more prudent approach to acquisitions

Foreign investors pour in Rs. 9,600 crore in Indian equities so far this month

Foreign institutional investors have poured in a whopping Rs. 9,600 crore in the Indian equity market so far in March, mainly on hopes of a stable government in general elections starting next month.

Alternative Investments firm to acquire hedge fund

There are pockets of talent everywhere

36 South to Start New Volatility Hedge Fund Targeting Australia

36 South Capital Advisors LLP, whose Black Swan Fund returned 204 percent in 2008, is starting a new hedge fund targeting Australian (ASX) institutions seeking protection from market downturns and additional returns.

Schroders’ Sennitt admits ‘tough year’ over tapering

Manager’s Asian Income fund trailed benchmark for first time since 2009 after Fed’s tapering talk.

CIMB-Principal Aims To Raise RM300 Million From Newly-Launched Fund By Year-End

CIMB-Principal Asset Management Bhd aims to raise RM300 million from its newly-launched CIMB-Principal Global Multi Asset Income Fund by year-end.

As credit tightens at home, Chinese sell Hong Kong luxury real estate

Cash-strapped Chinese are scrambling to sell their luxury homes in Hong Kong, and some are knocking up to a fifth off the price for a quick sale, as a liquidity crunch looms on the mainland.

Reserve Bank allows more banks to import gold

The government also increased customs duty on gold to 10 per cent from 4 per cent to discourage imports.

Citibank India to join hands with Appolo Munich for offering healthcare solutions to high networth clients

Citibank India, a leading wealth management services provider, along with Appolo Munich will offer healthcare solutions to its affluent and high networth clients.

HK hedge funds tap ‘fake’ Alibaba shares ahead of IPO

Can’t face waiting for the Alibaba mega-listing? Don’t worry, investment bankers have got you covered.

U.S. exchange-traded funds open up China's market

The new funds focus on areas such as consumer staples, consumer discretionary products and small-company stocks that analysts expect to do well even as the broader market has been hit hard in recent weeks.

Lukin confirms Macquarie spin off

Macquarie Investment Management Private Markets, a private equity and infrastructure fund of funds group, will be spun out of Macquarie Group

Investments in Cayman Islands doubtful

DAP MP Tony Pua today urged the government to pull out the low performing 1Malaysia Development Berhad’s RM7.6 billion investment in Cayman Islands to avoid further unwarranted losses.