Shanghai-based Fosun Group has opened an asset management business in Moscow to seek investment opportunities.
Tag: Asset Management
China this week – 4 September 2015
A roundup of the week’s asset management industry news from mainland publications.
Should fund managers have skin in the game?
Allocators and influencers in Asia take a positive view of managers who invest in their own funds – up to a point. Among them is Bryan Goh, Bordier’s chief investment officer in Singapore.
Quantum China cool on MRF
Foreign firms planning on a Hong Kong-domiciled product for the initiative will likely find limited appeal in China, said Anthony Yeung, managing partner and chief executive of Quantum China Asset Management.
AUM of mainland firms in Hong Kong leaps 81%
In 2014, mainland asset management firms accounted for HK$988bn ($127bn) or 5.6% of Hong Kong’s fund management business, the SFC said.
Northern Trust names Southeast Asia head
The firm has appointed Rohan Singh to head its Singapore and Southeast Asian business.
Asset manager IPOs raise questions for gatekeepers
After a fund house goes public, attention to its own stock price could detract from managing funds for clients, according to industry sources.
HK fund management business hits record $2.2bn
Hong Kong’s combined fund management business rose 10.5% last year to reach a record high of HK$17.68bn ($2.2bn), with a strong contribution from global investors, according to an SFC survey report.
Jupiter is extending its UK orbit to Asia
The firm is largely unknown to retail investors outside its UK base, but client servicing, sales and marketing have expanded in Asia, and plans are underway for regionally-focused funds, said CEO Maarten Slendebroek.
Pioneer Investments, Santander AM to merge
The deal will create a holding company, named Pioneer Investments, with combined assets under management worth €400bn ($431.7bn). According to the deal, UniCredit and private equity firms (Warburg Pincus and General Atlantic) each will own a 50% stake in the holding company, which will in turn own 100% of Pioneer’s US business. For businesses outside […]
