Hong Kong will allocate $12.9m in an effort to address an acute skills shortage in insurance, asset and wealth management services.
Category: News
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.
Short selling allowed under Stock Connect
The Hong Kong Exchange has approved the short selling of Shanghai-listed shares under the Hong Kong Shanghai Stock Connect scheme.
Fund selectors tilt toward Asian equities
Asian equities ex-Japan stood out as this year’s preferred asset class, according to an FSA survey of fund selectors and portfolio managers.
