BlackRock , the world’s biggest asset manager, said on Thursday that it planned to absorb the costs of external research under new European Union rules due to go live in January 2018.
Passive investments are the flavor of the boom market, making active asset management look increasingly unattractive. Or so it seemed until Kim Jong-un and Donald Trump started trading insults.
Singapore’s biggest insurer has sparked questions by replacing its experienced investment chief, Yoon Mun Thim, in another senior shakeup in
the industry.
Published by Asia Asset Management – 11th Sep 2017
After weeks of shrill Cassandra warnings of the risks for institutions ploughing money into private equity (PE) funds at a period of peak valuations and peak dry powder, perhaps it’s now time to take a slightly more optimistic view of the case for dry powder. In other words, why PE firms may be doing the wise thing in sitting on their dough instead of deploying it.
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.
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