ETFs managed by China Asset Management in Hong Kong and Mirae Asset Global Investments are among the products that will be delisted from the Stock Exchange of Hong Kong, according to records from the bourse.
Author Archives: Francis Nikolai Acosta
Francis is editor for Fund Selector Asia, covering the asset and wealth management industry in Asia. He joined Last Word Media in November 2016 as a senior journalist and became deputy editor in 2019. Previously, he was a reporter at Ignites Asia, A Financial Times service, also covering the region's asset management industry. He has a Master's degree in journalism from The University of Hong Kong.
Alts assets surge in Singapore
Alternative assets in Singapore grew 17% to S$478bn ($351bn) last year, with real estate, private equity and venture capital contributing the bulk, according to the Monetary Authority of Singapore’s asset management survey.
A hedge play on divergent economic recoveries
GSAM’s relative value strategy plays on movements between countries rather than typical market dynamics, according to Jonathan Xiong, head of the firm’s alternative fixed income strategies.
Malaysia’s fund industry AUM surges to $179bn
Malaysia’s fund industry has grown assets 8.86% this year to RM 758bn ($179bn), according to Zainal Izlan Zainal Abidin, Securities Commission Malaysia’s managing director for development and Islamic markets.
In case you missed it…
This week… Firm news Two hedge fund firms had their asset management licences removed last month in Hong Kong, according to records from the Securities and Futures Commission. They are Owl Creek Hong Kong, which first received its licence in May 2011, and Wakestar Advisors, which received its licence in December 2010. US-headquartered Owl Creek […]
Deutsche AM poaches from Morgan Stanley for APAC head
Deutsche Asset Management has appointed Alex Prout as its Hong Kong-based Asia-Pacific head. He will assume his role in November.
China’s private fund industry hits $1.51trn
Assets in China’s private fund industry have grown 21% this year and reached RMB 10.21 ($1.51trn) as of the end of August, according to data from the Asset Management Association of China (AMAC).
Natixis pushes into Aussie market with IML purchase
Natixis Global Asset Management will acquire a majority stake in Australia’s Investors Mutual Limited (IML), which will enable the firm to take advantage of the domestic retail market and the $1.78trn superannuation industry.
Second US firm receives RQFII quota
Boston-based Acadian Asset Management received an RQFII quota to invest onshore, becoming only the second US-based asset manager to be granted the allocation.
HSBC PB names head of Southeast Asia
Philip Kunz will be returning to HSBC as head of global private banking for Southeast Asia. He will assume his role shortly, according to a statement from the firm.
