UBS Group’s (UBSG.S) asset management unit said on Thursday it aims to launch its first Chinese private fund by the end of the year, as Europe’s fourth-biggest money manager seeks a slice of China’s fast-growing, 10 trillion yuan ($1.54 trillion) private fund market.
Bain Capital made the first close to its Asia credit fund, raising $557 million as the private equity firm looks to scoop up distressed debt in China and other countries in the region.
Asia’s highest-yielding bonds are holding on to their fans, with top investors saying they’ll keep buying Indian and Indonesian debt — even if policy makers don’t keep easing.
Singapore’s Fullerton Fund Management (Fullerton), controlled by Temasek Holding, the city state’s sovereign wealth fund, would become one of the largest asset managers in Southeast Asia if speculation of its merger with NTUC Income becomes a reality.
BNP Paribas Asset Management (BNP Paribas AM) has appointed Rakesh Vengayil as deputy chief executive officer (CEO) for Asia Pacific. He also takes over the role of CEO for Hong Kong from Tino Moorrees, who has decided to pursue other interests and opportunities outside of the company.
As capital pours into green-themed funds, nobody is questioning why a growing list of ESG ‘champions’ are under investigation for involvement in a massive, multi-year environmental scandal.
Organic growth and the successful integration of the acquisition of ABN Amro’s private banking business have underpinned solid half year results for LGT.
Under the guidance of CEO Boris Collardi, Julius Baer has become a global player among wealth managers. The brand «Julius Baer» has acquired a most impressive prestige.
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