Singapore-based Aberdeen veteran fund manager Hugh Young has warned that a sudden $5bn inflow to its Asia Pacific strategy could force its flagship $10.3bn Sicav fund to soft close to new business.
Category: News
Number of advisers in Hong Kong hits record high
The number of licensed intermediary companies in Hong Kong reached a record high this year, according to figures from the local regulator’s annual review.
PWC Singapore to overtake Switzerland in two years
Switzerland is losing ground to Singapore as an international finance centre, with new wealth centres including Dubai, Miami and Hong Kong also upping the competition, a new survey says.
Asia Frontier Capital buys Leopard Capital
Thomas Hugger, who had been a fund manager and a managing partner of Leopard Capital, has acquired Leopard Capital Management, Leopard Capital (Hong Kong), and the Leopard Asia Frontier Fund.
HK council OKs significant trust law amendment
In what has been described as a bid to boost the competitiveness of Hong Kong’s asset management industry, Hong Kong’s Legislative Council has approved proposed amendments to the jurisdiction’s trust laws.
MAS says Singapore assets leap in 2012
It’s not exactly a secret that Singapore is increasingly becoming Asia’s wealth management centre of choice as well as the choice of growing numbers of individuals living in many other corners of the globe and this was reinforced today in a wide-ranging report by the city-state’s regulator.
Legal IM starts Asia Paciific institutional ops
Legal & General Investment Management has launched an institutional Asia Pacific business based in Hong Kong.
HK asset managers mark record year in 2012
Fund management assets in Hong Kong were 40% higher at the end of last year than at the end of 2011, according to figures released by the Securities and Futures Commission today.
Unigestion gets Singapore cap markets licence
Unigestion, a Geneva-based institutional asset manager with more than $13bn in assets under management, has received a capital markets services licence from the Singaporean regulator, as it moves to expand its presence in Asia.
Standard Chartered to sell domestic funds in China
Standard Chartered Bank is to sell domestic mutual funds in China, becoming one of the first foreign banks to do so in the country.