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In case you missed it (15 May 2020)

JP Morgan AM hires from Blackrock's iShares; Western Asset makes key appointment for Korea institutions; Hedge funds turn positive in April; EM green bond issuances up; and more...
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STORIES YOU MAY HAVE MISSED THIS WEEK

 

People moves

JP Morgan Asset Management has appointed Rory Caines as ETF specialist for the firm’s Asia ETF team. Based in Hong Kong, Caines will report to Sean Cunningham, head of Asia ETFs. Caines will work with the team to advance the firm’s ETF product strategy in Asia-Pacific, as well as to build and strengthen ETF client relationships in the region. Previously, Caines was at iShares, where he was vice president for capital markets and fixed income ETFs…

Western Asset, an affiliate of Legg Mason Global Asset Management, has appointed John In Geun Kim as client service executive to cover Korean institutions. Based in Singapore, Kim will report to Michael Dale, head of client service and marketing for Asia-Pacific (ex-Japan). Before Western Asset, Kim was head of institutional business at Blackrock in Korea…

BNY Mellon has appointed Hyon Joo Park as country executive for Korea. He will replace Sang Don Ji, who will be retiring at the end of this month, according to a statement from the firm. As country executive, Park is expected to grow BNY Mellon’s local services and capabilities across all businesses in Korea. Based in Seoul, she will report to David Cruikshank, BNY Mellon’s chairman for Asia-Pacific. In Korea, BNY Mellon provides various financial services, including securities servicing, asset management, corporate trust, treasury services and depository receipts…

Hedge funds

The global hedge fund industry returned 5.02% in April, according to Evestment’s monthly performance report. However, on a year-to-date basis, the industry is still in red territory, with returns of -7.49%, dragged down by commodities strategies. So far this year, only origination and financing hedge funds were among the primary strategies that had positive returns…

Source: Evestment

ESG

Emerging market green bond issuance increased 21% in the full year 2019 to $52bn, bringing the overall market size to $168bn, according to a report co-published by Amundi and the IFC. Financial institutions remain the largest issuing sector in emerging markets, accounting for 59% of the total, which compares with 19% in developed markets, followed by non-financial companies, sovereigns at 12%, government agencies at 5% and municipals at 0.1%…

 

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