Fund manager performance will be increasingly scrutinised as the investment environment moves into a tougher post-crisis phase, according to separate reports from Mercer and BlackRock.
Category: News
Global funds end 2014 with outflows
Even as the US and Japan managed inflows, the global fund industry ended the year with net outflows, led by $852bn in investments fleeing Europe, according to data from Lipper.
Hong Kong to boost asset management skills
Hong Kong will allocate $12.9m in an effort to address an acute skills shortage in insurance, asset and wealth management services.
Fierce competition to retain managers in China
Strong growth in China’s $3.9trn asset management industry has resulted in heated competition and challenges in retaining investment talent, according to Cerulli Associates.
PineBridge poaches PIMCO Asia CEO
PineBridge Investments has hired Ana Dhoraisingam from Pacific Investment Management Company for the role of managing director, head of institutional business Southeast Asia.
Plenty of avenues in volatile China
China’s equity markets are expected to be volatile, but opportunities can still be found in select sectors, said Helen Zhu, head of China equities at BlackRock.
Absolute return strategies on selectors radar
Increasing market volatility is prompting fund selector interest in absolute return strategies, according to a survey report by Fund Selector Asia.
Hong Kong funds sales in 2014
Last year, Hong Kong’s fund industry had a 21% increase in net sales, led by inflows into European and Asian equity funds, according to the Hong Kong Investment Funds Association.
Hong Kong bans Ping An CEO
The Securities and Futures Commission found that He Zhi Hua, former CEO of Ping An of China Securities, failed to ensure the firm had adequate internal control procedures.
Russian debt given junk status
More bad news for Russia as the ratings agency downgrades the country’s sovereign debt, citing a greater likelihood of downside risk than upside relief.
