08/19/2012
EFG Asset Management launches New Capital China Equity Fund
EFG Asset Management adds to its growth-oriented Asia strategies with the launch of the New Capital China Equity Fund
Alternative Investments
08/19/2012
Write-down clouds Bendigo's 43% profit tumble
Bendigo and Adelaide Bank will be running a tight ship, after announcing a 43% decline in full-year profit this morning.
08/19/2012
HSBC and Four Capital Partners launch new India funds
The platform, a Dublin-domiciled UCITS umbrella structure, will select best-of-breed managers in high-growth emerging markets according to Milltrust International, and has launched with three sub funds; these include Bank Itau, BTG Pactual and Value Part
08/19/2012
Norwegian-style sovereign wealth fund not sensible
Norway's example of a sovereign wealth fund that captures some of the profits generated by the resources boom wouldn't work in Australia, a Treasury adviser says.
08/19/2012
Korea Life likely to ditch plan to buy ING's SE Asia unit
The decision could deal a blow to the Dutch financial group's Asian divestment process, in which it is selling Asian life insurance and asset management operations in two separate transactions.
08/19/2012
China's fund houses gear up for gold ETFs - sources
Spot gold surged 43 percent during the period. So far this year, bullion has gained about 3 percent though prices are down 16 percent from a peak above $1,920 hit last year.
08/19/2012
Reliance Life to introduce fixed salary for advisors
The Anil Ambani-led Reliance group firm is launching the salary-based insurance agent drive in semi-urban and rural areas.
08/16/2012
OCBC's unit sells 70% stake in PMFB to Great Eastern's unit
OCBC Capital has signed two conditional sale and purchase agreements which will see Lion Global Investors Limited acquire a 70 per cent stake in PMFB for RM33 million, and Koperasi Angkatan Tentera Malaysia Berhad buy the other 15 per cent stake for RM7
08/16/2012
CalPERS commits $530 million to Asia real estate funds
CalPERS will invest $480 million to the ARA Long Term Hold Fund sponsored by ARA Asset Management, a member of the Cheung Kong Group.
08/16/2012
Reliance Cap concludes asset arm stake sale to Nippon Life
The sale has pushed Reliance Capital's value to $1.1 billion, in the largest such deal for an Indian asset management firm.
08/15/2012
Carlyle, China private equity firms bid for Focus Media
Deal targets the biggest ever delisting of a New York-listed Chinese company
08/15/2012
AMP lifts first half profit to $383m
The result was ahead of the market's consensus of $469m.
08/15/2012
Asia calling: Nikko AM platform seeks best of Europe managers
In May, the firm hired Aoifinn Devitt (pictured) from Ignis Asset Management to head its manager selection business from primarily Japan, to Europe and other parts of Asia.
08/15/2012
Reliance Life aims to be among top 3 private life insurers in 3 yrs
on date, Reliance Life is in the sixth position in premium income among the private players. Bancassurance has been a distribution gap for Reliance Life.
08/14/2012
Braveheart ‘on course’ as it focuses on fund management
The Perth-based group, which made its name as an “angel investor” specialising in Scottish technology start-ups and university spin-off companies, is looking forward to a surge in fee income after taking charge of two government-backed funds w
08/14/2012
Hedge fund trade body hurdles Great Wall to land in Shanghai
He will work not only with the city's alternative investment firms, but also to help educate the public there about the Chinese hedge fund industry.
08/14/2012
Hedge fund Tiger Asia to return investor money
Tiger Asia has denied all the allegations.
08/14/2012
Hedge Fund Association opens local chapter in China
Additionally, the HFA China chapter will be holding an event on September 1st at the highly-respected Cheung Kong Graduate School of Business (CKGSB) in Beijing that will discuss how foreign hedge funds will possibly be able to raise assets in China and a
08/14/2012
Life insurance ownership limits in India, other Asian countries
Foreign insurers eager to tap Asia's rapid premium growth often face regulatory hurdles due to ownership restrictions. Here is a snap shot of foreign ownership limits in Asia.
08/14/2012
Partnership and product innovation are key in Asia
Despite this, some commentators have suggested that these markets, in particular Hong Kong, are becoming more difficult to gain access into.