Managers of Wealth Asia Pacific

Segantii wins industry accolade

With 320 hedge fund players in attendance, Eurekahedge gave credit to the top achievers of 2011 and 1Q 2012 and were pleased to welcome many new faces among this year’s event.

Fortress Launches Asia Volatility-Based Fund

Yet, Fortress Investment Group LLC (FIG) is launching a new fund that seeks to thrive on market volatilities in the relative calm of Asia.

ICBC Named Best Sub-Custodian Bank in China

The Global Finance (US) selected the winners from the custodian banks that reliably provide the best custody services in local markets and regions.

Global investment manager launches global emerging markets OEIC

Drawing upon Standard Life Investments’ established stock-picking expertise, the Fund will be managed by Alistair Way1 and will consist of a diversified portfolio of 60 – 100 stocks with stock, sector, country and tracking error limits.

Bank of Ceylon Appoints Citi as Trustee and Agent on USD 500 Million Global Bond

Citi’s Agency and Trust business, part of the Citi Transaction Services division, has been appointed as Trustee, Principal Paying Agent, Registrar and Transfer Agent for the Bank of Ceylon’s USD 500 million global bond.

National Australia Bank To Close Private Equity Business

National Australia Bank is winding down its private equity arm, marking the death knell for Australia's big four banks' foray into the sector.

Brummer-Backed Asia Hedge Fund Closes

Orvent Asset Management has closed its doors after Burmmer & Partners redeemed its investment in April, Reuters reports.

BNP Paribas Targets Asia As Europe Rivals Pull Back

France's largest bank is taking tentative steps toward boosting its reach in Asia at a time when the sovereign debt crisis closer to home is prompting rival European lenders to cut back exposure to the region.

Taiwan FSC builds towards Basel III

Local Taiwanese banks are well capitalised and in a strong position to meet the Basel III capital requirements, says Financial Supervisory Commission (FSC) vice chairperson Jih-Chu Lee.

BNP Paribas - Hong Kong leads development of Asian hedge fund industry

Ricard told AsianInvestor.net that the fund industry in Asia is experiencing a dramatic change that is expected to see Asian fund managers expand their capabilities to transcend regional boundaries, incentivize regulators and sign bilateral agreements.

OCBC NISP seeking to acquire financing firm to boost loans

OCBC NISP president director Parwati Surjaudaja said on Tuesday that the financing firm would most likely be either a bank or an automotive financing firm that lends for heavyweight equipment, cars and motorcycles.

London seeks lead role as China's currency goes global

The transaction was an unlikely harbinger of a shift in the global financial system, and the prediction about the importance of the Chinese currency in trade proved prescient.

Credit Suisse, BofA gain prime broking market share in Asia: Survey

The Asian prime brokerage units of Credit Suisse and Bank of America Corp gained market share in the last one year when Goldman Sachs and Morgan Stanley, the top-two industry players, lost hedge fund clients and assets, a survey showed.

Singapore's low taxes lure commodities trader

Asian economic growth led by China is causing a shift in the global demand centre from West to East, prompting a hiring spree among Singapore's commodity houses.

Reliance Capital 4Q Net Profit At INR3.29B

Consolidated revenue rose 25% to INR20.02 billion.

Henderson eyes opportunities in Australia

Henderson Global Investors will on Monday launch its first asset management business in Australia as it seeks to expand its operations beyond the troubled shores of Europe.

Tyndall taps Goldman Sachs as global fixed income manager

Tyndall Investment Management New Zealand has dumped its boutique New York-based fixed interest portfolio manager in favour of Goldman Sachs, citing in part fears about the quality of European bond issuance.

Man Group to buy hedge fund business

The combined multi-manager business will have total funds under management of approximately $19 billion, making it the largest independent non-US based fund of hedge funds.

Aussie bonds a good buy, says UBS

Japanese investors will likely be among those attracted by the weaker currency, which this week tumbled below parity against the greenback, said Anne Anderson, head of fixed income for Asia Pacific at UBS Global Asset Management.

China tops India in gold demand for second quarter

Chinese demand had expanded to 201.6 tonne in the previous quarter against 173.0 tonne in India.

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