Man Group sees no bubble in Asian memory stocks
There are fundamental reasons for the parabolic rally, according to Man Group’s Nick Wilcox.
It will be helped by a re-opening IPO window and broader use of GP-led solutions.
The Singapore-headquartered private equity firm is building its European business.
Nomura’s $1.8bn acquisition of Macquarie’s US and European asset management units has been completed.
DWS will act as investment manager for Al Mirqab Capital to invest in Germany and across the wider European economy.
Seviora Group will see its assets under management jump from $63bn to $72bn.
Two thirds of those invested in alternatives in Hong Kong self-serve their allocation, the survey found.
The partnership makes the EQT Nexus evergreen strategy available for eligible clients in Asia, Europe and the Middle East.
Amundi is buying a 9.9% stake in London-listed Intermediate Capital Group (ICG) as part of the agreement.
The new office is Adam Street’s sixth in Asia Pacific.
The private markets firm plans to launch evergreen funds in Taiwan.
The firm said client commitments in the region represent $11.8bn.
The alts manager said it raised $11bn from the private wealth channel last quarter, the highest in three years.
Morgan Stanley’s Tom Cahill identifies special situations for issuers who need capital for unique requirements.
The partnership will provide Korean investors access to private markets offerings from Azalea.
Wealth firms do not expect a significant change in client portfolio allocations to private markets, according to a study by the Thinking Ahead Institute.
Although the asset manager seeks to grow its alternatives business, public markets still play an important role, says George Gatch, CEO, JP Morgan Asset Management.