News Update
March 19, 2010
On March 18, 2010, President Obama signed the “Hiring Incentives to Restore Employment Act of 2010” (the Act) into law. This will dramatically affect most non-US financial institutions, funds and collective investment structures as well as many trustees and family offices investing through these...
March 19, 2010
BNP Paribas Securities Services (BP2S) has further cemented its commitment to the region with the successful final migration of all global custody assets in-house onto a single Asia-Pacific platform. The smooth implementation of the migration has been well received by clients, who are benefiting...
March 19, 2010
Deutsche Bank has announced the results of its eighth annual Alternative Investment Survey. Survey respondents represent asset management companies, corporations, family offices, high net worth individuals, foundations, endowments, fund of funds, insurance companies, investment consultants, private...
March 18, 2010
Guotai Asset Management Co Ltd (Guotai AMC) will launch its Nasdaq-100 index-linked fund on Monday March 22, making it the first QDII Index fund to enter the Mainland market. The launch takes place more than a year after the firm secured the exclusive rights to use the index in China. Total QDII...
March 18, 2010
Continuing to open new avenues of investing for Chinese investors, Standard & Poor’s, the world’s leading index provider, has announced that it has licensed the S&P 500 to Bosera Asset Management for the creation of an exchange traded fund (ETF) based upon the Index. With nearly US$1 trillion...
March 18, 2010
BTIG Hong Kong, Ltd., a broker dealer specialising in institutional trading and related brokerage services, has announced that it has hired Jesse H Lentchner as chief executive officer of its Asia-Pacific subsidiaries to lead BTIG’s expansion in that region. Mr. Lentchner joins BTIG after more than...
March 17, 2010
Abu Dhabi Investment Authority (ADIA), considered the world's largest sovereign wealth fund, said the global economy still faces 'considerable uncertainty', in its first annual review aimed at enhancing transparency, according to a report which appeared in the Singapore Business Times from Reuters....
March 16, 2010
Li Quan, executive vice president at Bosera Asset Management, has submitted his resignation and is set to move to New China Asset Management, according to Southern Metropolis Daily. Bosera is refusing to make any comment until an official announcement is posted. The newspaper report claims Mr. Li...
March 16, 2010
First State Investments has announced that it has introduced two new funds to its offshore product range. With immediate effect, institutional investors will now be able to invest in the new First State Asia-Pacific Select and First State Global Emerging Markets Select Funds. Both funds will be...
March 15, 2010
Baring Asset Management (Barings) has rolled out its new Baring MENA Fund, which will have a two week initial offer period starting today. The firm explains that the fund will employ an actively managed strategy using a bottom-up Growth at a Reasonable Price (GARP) investment philosophy. The fund...
March 15, 2010
Dow Jones Indexes has announced changes in the composition of the Dow Jones China Index Series. Component changes in the Dow Jones China 88, Dow Jones China Offshore 50, Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 indexes will be effective after...
March 12, 2010
Lawrence Au, a long-time senior executive with Northern Trust is leaving the bank and is believed to have accepted a position with BNP Paribas Securities Services as its head for Asia. Mr Au who joined Northern Trust in April 2000 was previously the bank’s SVP and head of asset servicing based in...
March 12, 2010
Fortis Haitong Fund Management has secured additional QDII quota from SAFE in late February. With the latest quota, Fortis now has a total of US$1 billion for investments offshore, according to Tian Rencan, CEO of Fortis Haitong Fund Management.Mr Tian said that 40% of the additional QDII quota will...
March 11, 2010
Mercer Japan and ORIX Corporation have agreed to a collaboration agreement to provide comprehensive plan design, valuation, and administrative services for Japanese corporate pension plans. Mercer is one of the leading providers of consulting, outsourcing and investment services, while ORIX is an...
March 10, 2010
China aims to kick off its long-awaited stock index futures market next month, and an exchange official says that a top concern is that the landmark scheme will attract too many investors who spark volatile trade, according to a Reuters report that was published in the Business Times. Regulators...
March 10, 2010
BNP Paribas Securities Services, one of the divisions of BNP Paribas India, has announced that it has been granted a custody licence by the Securities and Exchange Board of India. With this licence, BNP Paribas Securities Services now offers clients local custody operations in the Indian market in...
March 09, 2010
Asian alternative asset investment manager Pacific Alliance Group has announced the appointment of WEI Song as a managing director of Pacific Alliance Real Estate. Mr. Wei joins from Equity International, a privately held real estate investment company, where he held the position of senior vice...
March 09, 2010
International derivatives exchange Eurex has announced that it has admitted the first broker headquartered in the People's Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co Ltd became a trading member of Eurex effective on March 3, 2010. Dr. Cheng Xiao, the general...
March 09, 2010
It is widely acknowledged that climate change will have a broad-ranging impact on economies and financial markets. What is less certain is what climate change will mean for institutional investors and how they can best prepare for this challenge, both from a risk and return perspective. To help...
March 08, 2010
FTSE Group (FTSE) has announced it has licensed the FTSE 100 for the first international exchange traded fund (ETF) to be listed by Hua An Asset Management (Hua An) on the Shanghai Stock Exchange (SSE). By working with fund managers in China such as Hua An, FTSE brings its global index standards to...
March 06, 2010
The Employees Provident Fund in Malaysia (EPF) has declared a dividend rate of 5.65% for the financial year ended December 31, 2009, up 115 basis points over the 4.50% paid out for 2008, according to The Business Times. The dividend rate was declared on the back of the highest ever net income...
March 05, 2010
J.P. Morgan has announced that it has been appointed depositary bank by IFM Investments Ltd in connection with its recent initial public offering of 12.5 million American Depositary Shares. IFM Investments is the exclusive franchisor for CENTURY 21® in China. The company runs the largest network of...
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Highlights
- 2009 Best of the Best Awards