Noah Holdings has entered into a pact with Union Bancaire Privée as both firms aim to grow their cross-border businesses.
Category: Business moves
Legg Mason to buy infra asset manager
The firm has agreed to acquire a majority stake in Sydney-headquartered RARE Infrastructure, aiming to expand its offerings in liquid alternatives.
PIMCO to grow alts for Asia investors
Allocations by Asia ex-Japan institutions to hedge funds and private equity have increased to 9.9% of their assets currently from 2.7% in 2010, the firm said.
Enhance Group to open Asia office
Citing the growth of private wealth in Asia, the investment and wealth consultancy will open a Singapore office.
Aviva Investors changes Taiwan distribution partner
The firm said it has swapped master agents in Taiwan, appointing CTBC Investments. CTBC will distribute Aviva’s 11 public registered SICAV funds from 1 August. Previously, the distribution was handled by First Capital Management. Kevin Talbot, chief executive of Asia Pacific, believes Taiwan holds “significant opportunity” for the firm. “Our new partnership with CTBC Investments […]
Chinese wealth manager to list on the NYSE
China’s rapid growth in private wealth is a factor in Shanghai-based Jupai Holdings decision to launch an IPO.
Morningstar buys Japan research firm
Morningstar has bought out Japanese investment and advisory service firm Ibbotson Associates after initially acquiring a stake in the firm in 2006.
HSBC GAM reveals MRF plan
HSBC Global Asset Management will seek regulatory approval to offer its two onshore China funds in Hong Kong under the Mutual Recognition of Funds initiative, which starts today.
UBS Wealth to open second Hong Kong office
The firm’s new office will be located in the Tsim Sha Tsui district, across the harbour from Central, where UBS has its main office. UBS intends to serve clients on the Kowloon side of Hong Kong who have investable assets of $5m-$25m. The office opening is planned for the first quarter 2016 and will employ […]
Robo-investing firm launches in Asia
The firm claims its robo-investing service, in conjunction with Morningstar, will create and automate a professionally-designed portfolio at a fraction of the cost levied by banks and investment advisors. “Today, holding a global diversified portfolio in Asia is complicated and expensive,” Mathias Helleu, executive chairman told FundSelectorAsia. “[Robo advisory services] are going to be a very […]
