07/28/2013

Billionaire Li’s Cheung Kong to Sell Mall to Fortune REIT

Billionaire Li Ka-shing’s Cheung Kong Holdings Ltd. (1) has signed a memorandum of understanding to sell a shopping mall complex in Hong Kong to Fortune Real Estate Investment Trust (778) for HK$5.85 billion ($754 million).

07/26/2013

Aviva in talks with Jardine to expand in Asia

Aviva is in negotiations to broker a deal with a division of Asia-focused conglomerate Jardine Matheson, which will lead to a fresh assault on Indonesia and other fast-growing Asian economies.

07/25/2013

SSgA invests $50m in Chinese fund manager partnership

The China Securities Regulatory Commission has approved the appointments of Gui Songlei as chairman of the board, Wang Yao as inspector general and Li Xuesong as general manager. Li will be responsible for the day-to-day management of the joint venture.

07/21/2013

Perennial Trio Lose 'Loss of Control’ Bid

Three of the Original Directors of Fund Manager, Perennial have lost their bid to extract a change of control fee resulting from Australian Wealth Management’s 2008 merger with Perennial parent IOOF.

07/17/2013

Former Deutsche exec launches investment firm

"Cyclical investing recognises cycles of price performance over different asset classes at different points in time and this is most obvious in equities with really large price movements," Kennedy said.

07/16/2013

Reliance Capital AUM rise

Reliance Capital Asset Management has increased the total assets under management (AUMs) by Rs 7,000 crore during Q1 of 2013-14 fiscal.