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.
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.
In 2014, mainland asset management firms accounted for HK$988bn ($127bn) or 5.6% of Hong Kong’s fund management business, the SFC said.
The firm has appointed Rohan Singh to head its Singapore and Southeast Asian business.
After a fund house goes public, attention to its own stock price could detract from managing funds for clients, according to industry sources.
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.
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.
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 […]
Li replaces Xing Hu who left the group in March “to explore new professional opportunities”, the firm said. She will be based in Hong Kong and will report to Thomas Gerhardt, head of emerging equities and commodities. Philippe Uzan, CIO of long-only management at Edmond de Rothschild Asset Management (France), cited “the gradual opening up […]
Hong Kong will allocate $12.9m in an effort to address an acute skills shortage in insurance, asset and wealth management services.