Managers of Wealth Asia Pacific

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.

Asia traders shatter tradition to get social

Social media is increasingly influencing the world of finance and investing. Some hedge funds use Twitter to capture investor sentiment on a given stock and some central banks use internet data to help them gauge economic conditions.

Citi Ranked #1 in Global Custody Services - Survey

Citi has been ranked #1 in global custody services by the world's leading asset managers, asset owners and banks in the 2012 Global Custody Survey compiled by Global Investor.

Asia's private museums blaze new trails in art world

Art HK advisory board member Philip Dodd, the former director of the Institute of Contemporary Arts London, said the growth of private museums was symbolic of the shift in economic power from West to East.

Why would Asian central banks suddenly be selling euros?

Until now, they have been diversifying a certain percentage of their dollar reserves into euros buy buying EUR/USD. Now, the process is reversed.

Agricultural Bank buys Hong Kong office for $630m

ABC will use the 28-storey building as its Hong Kong headquarters, making it the first of China's big four banks to own its office building in the city.

QFII funds seek bigger investment quotas in China

Some inter international institutional investors say the current QFII quota limits their investment capability, meaning they can’t complete their portfolios.

Swiss fund-of-hedge-funds manager makes Asian acquisition

The acquisition, which is subject to regulatory approvals in Hong Kong, will be paid for by a combination of up to 1.75 million shares and cash over two years.

Macquarie, UOB place bids for ING Asia arm-sources

ING is selling its Asian asset management and insurance businesses in a roughly $7 billion deal to help repay the state bailout it received after the largest Dutch financial services company almost collapsed during the 2008 global crisis.

Proposed rules may grant hedge funds direct access to China markets

The China Securities Regulatory Commission (CSRC) is considering a proposal to lower the bar for obtaining a licence that allows foreigners to buy securities in the country, said two industry sources with knowledge of the regulatory agency's thinking

AMP results show strong growth for products

AMP released its first quarter results to 31 March 2012 today, showing strong growth for both AMP Flexible Super and North Platform.

Frustrated ex-MF Global Singapore staff file lawsuit

The unit of the bankrupt company, once run by Mr Jon Corzine, was sued by seven former employees, including the head of sales for Asia, seeking more financial information.

J P Morgan launches hybrid fund series

The fund will be benchmarked against 15 per cent of BSE 200 and 85 per cent of the CRISIL Composite Bond Fund Index.

Asian banks bullish about revenue growth from global transaction services

Asian lenders are bullish about revenue growth from the global transaction and treasury business.

Former Perry Capital Asia Head Raises PE-Stlye Hedge Fund

Alp Ercil, former Asia head of Perry Capital, has raised $440 million for a private-equity style hedge fund, according to Reuters.

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