http://www.asiaasset.com/ Asia Asset Management – The Journal of Investments and Pensions – was established in 1995, the first publication in the region to cater to the needs of asset managers, institutional investors and service providers through providing Asian-centric investment news. AAM prides itself on providing fresh, in-depth and analytical coverage of issues affecting Asia-Pacific markets, making it an invaluable and trusted news and information source for top financial companies. ENG http://www.asiaasset.com/rss.aspx http://www.asiaasset.com/aboutevents.aspx roundtable, conference, event Tue, 15 May 2012 10:54:19 GMT http://www.asiaasset.com/aboutevents.aspx http://www.asiaasset.com/partner-events.aspx Partner Events Mon, 14 May 2012 14:27:20 GMT http://www.asiaasset.com/partner-events.aspx http://www.asiaasset.com/140512_pe.aspx One of the fondest hopes of foreign investors into the new ecosystem of RMB-denominated private equity was dashed this week – at least for the present – as China’s National Development and Reform Commission (NDRC) ruled that the presence of any foreign capital in an RMB vehicle will lead to it being treated as a foreign investor for the purposes of China’s investment regulations. Mon, 14 May 2012 10:37:18 GMT http://www.asiaasset.com/140512_pe.aspx http://www.asiaasset.com/white-paper.aspx White Papers Thu, 10 May 2012 12:33:35 GMT http://www.asiaasset.com/white-paper.aspx http://www.asiaasset.com/aam/0512_emequities.aspx In this edition of Marketwatch, Vassilis Dagioglu, head of asset allocation portfolio management, Mellon Capital Management; Philippe Uzan, chief investment officer, Edmond de Rothschild Asset Management; Chris Molumphy, CIO for global fixed income at Franklin Templeton; Mark Mobius, executive chairman, Templeton Emerging Markets Group; and Gary Motyl, president and CIO of Templeton Global Equity Group, give their thoughts and opinions on where the various markets are headed. Tue, 08 May 2012 11:14:22 GMT http://www.asiaasset.com/aam/0512_emequities.aspx http://www.asiaasset.com/aam/0512_dareswins.aspx “Made in China” has been the story in global manufacturing for decades, as consumer industries produce goods for shipment to developed markets, relying on China’s low-cost manpower. Tue, 08 May 2012 10:44:22 GMT http://www.asiaasset.com/aam/0512_dareswins.aspx http://www.asiaasset.com/aam/0512_coutts.aspx Coutts, the wealth division of Royal Bank of Scotland Group, has appointed Ranjit Khanna as head of South Asia. Tue, 08 May 2012 10:40:42 GMT http://www.asiaasset.com/aam/0512_coutts.aspx http://www.asiaasset.com/aam/0512_citi.aspx Citi has appointed Amol Gupte as Citi Transaction Services (CTS) head for the Asia-Pacific region. Tue, 08 May 2012 10:39:25 GMT http://www.asiaasset.com/aam/0512_citi.aspx http://www.asiaasset.com/aam/0512_mginvestments.aspx European asset management firm M&G Investments has appointed Andrew Hendry to the newly-created position of managing director, Asia. Mr. Hendry joined M&G last year and was most recently at Capital International, where he was responsible for global distribution relationships. Tue, 08 May 2012 10:37:50 GMT http://www.asiaasset.com/aam/0512_mginvestments.aspx http://www.asiaasset.com/aam/0512_troweprice.aspx After a very successful 27-year career with T. Rowe Price, where he has been the head of the Global Investment Services GIS organisation, R. Todd Ruppert will retire from the firm on June 30. Tue, 08 May 2012 10:36:28 GMT http://www.asiaasset.com/aam/0512_troweprice.aspx http://www.asiaasset.com/aam/0512_mirae.aspx Mirae Asset Global Investments Hong Kong Limited has appointed Jung Ho Rhee as its new chief executive officer. He succeeds Woong Park, who has resigned for personal reasons. Tue, 08 May 2012 10:35:07 GMT http://www.asiaasset.com/aam/0512_mirae.aspx http://www.asiaasset.com/aam/0512_lowgrowth.aspx Meaningful macroeconomic risks in both the developed and emerging world are likely to lead to a period of low, but not collapsing growth. Tue, 08 May 2012 10:19:51 GMT http://www.asiaasset.com/aam/0512_lowgrowth.aspx http://www.asiaasset.com/aam/0512_growthleaders.aspx Investors are increasingly turning to emerging markets for growth in their portfolios, with the BRIC nations (Brazil, Russia, India and China) at the forefront of the boom. Tue, 08 May 2012 10:15:54 GMT http://www.asiaasset.com/aam/0512_growthleaders.aspx http://www.asiaasset.com/aam/0512_axaim.aspx Jon Bailie, global head of distribution of AXA Investment Managers, shared his thoughts with Asia Asset Management about his experience in the aftermath of the Tohoku earthquake in Japan last March as well as his views on recent market developments in Europe, Asia and the Middle East. Tue, 08 May 2012 10:12:29 GMT http://www.asiaasset.com/aam/0512_axaim.aspx http://www.asiaasset.com/aam/0512_kic.aspx The first South Korean chief investment officer of the Korea Investment Corporation (KIC), the country’s sovereign wealth fund, Don (Dong-ik) Lee was appointed at the beginning of April to succeed Scott Kalb, whose term ended at the end of March. Tue, 08 May 2012 10:10:27 GMT http://www.asiaasset.com/aam/0512_kic.aspx http://www.asiaasset.com/070512_pe.aspx The long-awaited, long-drawn-out listing of the Carlyle Group has finally happened: Carlyle’s common units began trading on NASDAQ on Thursday, at US$22 per unit. Priced at the bottom of its indicative range, the listing at least was spared the ignominy of falling below its offer price: at times it rose by 45 cents, but finished its first day up by only 5 cents. Mon, 07 May 2012 15:31:24 GMT http://www.asiaasset.com/070512_pe.aspx http://www.asiaasset.com/aam/may2012_directory.aspx Directory of Manager Appointments & Searches May 2012 Fri, 04 May 2012 12:28:37 GMT http://www.asiaasset.com/aam/may2012_directory.aspx http://www.asiaasset.com/aam/0512_nuclear.aspx North Korea and the US reach a framework agreement by which Pyongyang agrees to suspend its nuclear enrichment programme and allow international inspectors into its nuclear plants. Fri, 04 May 2012 12:09:30 GMT http://www.asiaasset.com/aam/0512_nuclear.aspx http://www.asiaasset.com/aam/0512_greatestrisk.aspx Each spring the Asian Development Bank (ADB) issues its annual review of the economic prospects for developing Asia in time for the year’s round of international economic conferences. Fri, 04 May 2012 11:54:11 GMT http://www.asiaasset.com/aam/0512_greatestrisk.aspx http://www.asiaasset.com/aam/0512_roetaiwan.aspx Last year wasn’t a bad year for the fund management industry in Taiwan, according to the annual Taiwan Fund Management Industry Review & Profitability Assessment, soon to be published by Keystone Intelligence Inc. Fri, 04 May 2012 11:51:25 GMT http://www.asiaasset.com/aam/0512_roetaiwan.aspx http://www.asiaasset.com/aam/0512_fftw.aspx Fischer Francis Trees & Watts (FFTW) was founded in 1972 by Richard D Fischer, Stephen C Francis, James F Trees and John H Watts III in New York City – all four were senior institutional bond professionals from Brown Brothers Harriman & Co. Fri, 04 May 2012 11:45:32 GMT http://www.asiaasset.com/aam/0512_fftw.aspx http://www.asiaasset.com/aam/0512_onlytime.aspx Having been launched as recently as late December 2011, domestic market hedge funds in Korea are clearly off to something of a mixed start in the early stages. Fri, 04 May 2012 11:42:47 GMT http://www.asiaasset.com/aam/0512_onlytime.aspx http://www.asiaasset.com/aam/0512_tmset.aspx Transition management has become increasingly widespread in Asia as the region’s pension funds and institutional investors have grown aware of its significance as they come to change asset allocation. Fri, 04 May 2012 11:40:01 GMT http://www.asiaasset.com/aam/0512_tmset.aspx http://www.asiaasset.com/aam/0512_swissalps.aspx Beleaguered eurozone financial markets players could be forgiven for gazing enviously up the Alpine slopes towards Switzerland, in its independent mountain fastness, buttressed by the strength of the Swiss franc. Fri, 04 May 2012 11:25:18 GMT http://www.asiaasset.com/aam/0512_swissalps.aspx http://www.asiaasset.com/aam/0512_petime.aspx With China’s authorities allocating a fresh US$50 billion to China Investment Corporation (CIC), spare a thought for those ensnared in a different kind of allocation issue – as the US Securities and Exchange Commission (SEC) files changes against the former CEO of pensions giant California Public Employees’ Retirement System (CalPERS). Fri, 04 May 2012 10:18:53 GMT http://www.asiaasset.com/aam/0512_petime.aspx http://www.asiaasset.com/aam/0512_china.aspx Temasek’s purchase of around a 1% stake in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs for some US$2.3 billion earlier this week comes at an interesting time – given that overall expectations for China’s growth are moderating and that Chinese Premier Wen Jiabao recently singled out the big four PRC state-owned banks for criticism over their supposedly excessive profits and dominance of the market. Fri, 04 May 2012 10:18:00 GMT http://www.asiaasset.com/aam/0512_china.aspx http://www.asiaasset.com/aam/0512_smallandmidcaps.aspx Allianz Global Investors (AllianzGI) is leveraging on its resources and its research expertise to uncover undervalued small- and mid-cap firms in Asia. Fri, 04 May 2012 10:06:38 GMT http://www.asiaasset.com/aam/0512_smallandmidcaps.aspx http://www.asiaasset.com/aam/0512_smallcaps.aspx As uncertainties in Europe and a weak US recovery cloud the equities market horizon, fund managers have been shifting their focus eastward, where Asian counters look relatively appealing in terms of valuation. Fri, 04 May 2012 10:03:03 GMT http://www.asiaasset.com/aam/0512_smallcaps.aspx http://www.asiaasset.com/aam/0512_outsourcing.aspx With the emphasis now on security and stability within the perceived “safe haven” of money market funds, evaluating the risks and guaranteeing stability are of paramount importance to investors. Fri, 04 May 2012 09:52:54 GMT http://www.asiaasset.com/aam/0512_outsourcing.aspx http://www.asiaasset.com/aam/0512_indices.aspx The EDHEC-Risk Asia Indexing Survey 2011, conducted with support from Amundi ETF, is the first comprehensive survey of Asian investment professionals to analyse the current uses of and opinions on stock and bond indices. Fri, 04 May 2012 09:50:59 GMT http://www.asiaasset.com/aam/0512_indices.aspx http://www.asiaasset.com/aam/0512_eaindustry.aspx Although the average performance of Chinese enterprise annuities (EA) lagged way behind the market benchmark last year, while profit margins for EA operators are slipping as a result of the fierce market competition, market-watchers remain positive on prospects for the EA industry, in view of the strong uptake of new participants. Fri, 04 May 2012 09:49:08 GMT http://www.asiaasset.com/aam/0512_eaindustry.aspx http://www.asiaasset.com/aam/0512_rqfii.aspx At least seven out of the existing 21 RMB qualified foreign institution investor (RQFII) participants have reported to the Securities and Futures Commission their plans to launch RQFII ETF products, according to the Shanghai Securities Journal. Fri, 04 May 2012 09:47:31 GMT http://www.asiaasset.com/aam/0512_rqfii.aspx http://www.asiaasset.com/aam/0512_ing.aspx Australia’s Macquarie Group and Japan’s Nikko Asset Management are reportedly among the companies interested in buying ING’s Asian asset managing business in a deal that could be worth US$500 million to $600 million, according to Reuters. Fri, 04 May 2012 09:46:51 GMT http://www.asiaasset.com/aam/0512_ing.aspx http://www.asiaasset.com/aam/0512_rbi.aspx The Reserve Bank of India (RBI) has been one of the most hawkish central banks in Asia. Fri, 04 May 2012 09:46:00 GMT http://www.asiaasset.com/aam/0512_rbi.aspx http://www.asiaasset.com/aam/0512_amindustry.aspx A diversified asset management industry has emerged in the GCC over the last decade, according to a study conducted by Markab Advisory and sponsored by Qatar Financial Centre Authority. Fri, 04 May 2012 09:45:08 GMT http://www.asiaasset.com/aam/0512_amindustry.aspx http://www.asiaasset.com/aam/0512_safegrants.aspx China’s State Administration of Foreign Exchange (SAFE) has granted US$700 million worth of qualified foreign institutional investor (QFII) quota to five foreign institutions. Fri, 04 May 2012 09:44:21 GMT http://www.asiaasset.com/aam/0512_safegrants.aspx http://www.asiaasset.com/aam/0512_axa.aspx AXA Investment Managers has been given the green light from the China Securities Regulatory Commission (CSRC) to open a rep office in Beijing. Fri, 04 May 2012 09:43:37 GMT http://www.asiaasset.com/aam/0512_axa.aspx http://www.asiaasset.com/aam/0512_gpfdishes.aspx Thailand’s Government Pension Fund (GPF) has awarded US$900 million worth of global equity mandates to five fund managers – T. Row Price, MFS Investment Management, Altrinsic Global Advisors, INTECH Investment Management and Veritas Asset Management. Fri, 04 May 2012 09:42:58 GMT http://www.asiaasset.com/aam/0512_gpfdishes.aspx http://www.asiaasset.com/aam/0512_hedgefunds.aspx Hedge funds significantly outperformed traditional asset classes such as equities, bonds and commodities over the last 17 years, according to a new study by The Centre for Hedge Fund Research at Imperial College in London. Fri, 04 May 2012 09:42:05 GMT http://www.asiaasset.com/aam/0512_hedgefunds.aspx http://www.asiaasset.com/aam/0512_abating.aspx The threat of inflation abated as food pricing pressures decreased in 2011, Douglas Cairns, investment specialist, Asia and emerging market equities at Threadneedle, claims. Fri, 04 May 2012 09:41:06 GMT http://www.asiaasset.com/aam/0512_abating.aspx http://www.asiaasset.com/aam/0512_consolidation.aspx Taiwan’s asset management industry appears to have regained its growth momentum in the aftermath of the economic woes in 2008 and 2009 as reflected in the overall profitability of the sector. Fri, 04 May 2012 09:40:01 GMT http://www.asiaasset.com/aam/0512_consolidation.aspx http://www.asiaasset.com/E-Magazine.aspx Welcome to ,Asia Asset Management magazine's eBook Library. Thu, 03 May 2012 17:28:32 GMT http://www.asiaasset.com/E-Magazine.aspx http://www.asiaasset.com/chinaetf2012.aspx China ETF Roundtable 2012 Thu, 03 May 2012 12:02:33 GMT http://www.asiaasset.com/chinaetf2012.aspx http://www.asiaasset.com/aam/0512_emag.aspx Click to view the electronic version of Asia Asset Management's May 2012 issue. Wed, 02 May 2012 15:01:15 GMT http://www.asiaasset.com/aam/0512_emag.aspx http://www.asiaasset.com/editorialteam.aspx asiaasset magazine Wed, 02 May 2012 10:25:14 GMT http://www.asiaasset.com/editorialteam.aspx http://www.asiaasset.com/about_us_contact.aspx Contacts Wed, 02 May 2012 10:24:50 GMT http://www.asiaasset.com/about_us_contact.aspx http://www.asiaasset.com/230412_pe.aspx Temasek’s purchase of around a 1% stake in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs for some US$2.3 billion earlier this week comes at an interesting time Mon, 30 Apr 2012 12:41:46 GMT http://www.asiaasset.com/230412_pe.aspx http://www.asiaasset.com/300412_pe.aspx With China’s authorities allocating a fresh US$50 billion to China Investment Corporation (CIC), spare a thought for those ensnared in a different kind of allocation issue – as the US Securities and Exchange Commission (SEC) files changes against the former CEO of pensions giant California Public Employees' Retirement System (CalPERS) Mon, 30 Apr 2012 12:40:45 GMT http://www.asiaasset.com/300412_pe.aspx http://www.asiaasset.com/about-CIP.aspx About China Investments and Pensions (CIP) Thu, 19 Apr 2012 15:45:27 GMT http://www.asiaasset.com/about-CIP.aspx http://www.asiaasset.com/publications.aspx publications Thu, 19 Apr 2012 15:39:49 GMT http://www.asiaasset.com/publications.aspx http://www.asiaasset.com/advertise.aspx Advertise Thu, 19 Apr 2012 15:36:55 GMT http://www.asiaasset.com/advertise.aspx http://www.asiaasset.com/0412_video_first-state.aspx Video Exclusive - April 2012 Mon, 16 Apr 2012 16:16:16 GMT http://www.asiaasset.com/0412_video_first-state.aspx http://www.asiaasset.com/160412_pe.aspx Private equity, even more than most asset classes, is wedded to the interests and fortunes of institutional investors Fri, 13 Apr 2012 18:14:11 GMT http://www.asiaasset.com/160412_pe.aspx http://www.asiaasset.com/090412_pe.aspx Pity Michael Queen. Just as Oaktree Capital and the Carlyle Group are dressing themselves up for the IPO catwalk, the CEO of 3i Group has been forced to illustrate in person some of the trickiest aspects of the listed private equity model Wed, 11 Apr 2012 11:38:00 GMT http://www.asiaasset.com/090412_pe.aspx http://www.asiaasset.com/020412_pe.aspx John Mack’s appointment by Kohlberg Kravis Roberts (KKR) as a senior advisor inspires some reflection on the state of the asset class, especially at the big buyout end Fri, 30 Mar 2012 20:25:18 GMT http://www.asiaasset.com/020412_pe.aspx http://www.asiaasset.com/2011bbaphotos.aspx 2011 Best of the Best Awards Photos Tue, 27 Mar 2012 10:30:02 GMT http://www.asiaasset.com/2011bbaphotos.aspx http://www.asiaasset.com/260312_pe.aspx Following on from my time in Singapore, at least part of it as a guest of the Singapore Venture Capital Association (SVCA) for their networking evening, here is some more feedback from the Lion City, and reflections on its positioning as a venture cluster Mon, 26 Mar 2012 14:18:27 GMT http://www.asiaasset.com/260312_pe.aspx http://www.asiaasset.com/best-awards-supplement(1).aspx 2011 Best of the Best Awards Supplement Mon, 19 Mar 2012 18:00:24 GMT http://www.asiaasset.com/best-awards-supplement(1).aspx http://www.asiaasset.com/190312_pe.aspx I was in Singapore this week, enjoying (among other things) a networking cocktail held by the Singapore Venture Capital Association in Harry’s Bar on Boat Key. But after the fun, there are a couple of reflections on the state of the region that are worth investors’ attention Mon, 19 Mar 2012 11:00:52 GMT http://www.asiaasset.com/190312_pe.aspx http://www.asiaasset.com/best-awards-supplement.aspx Best of the Best Awards Supplement Fri, 16 Mar 2012 11:56:34 GMT http://www.asiaasset.com/best-awards-supplement.aspx http://www.asiaasset.com/0312_video_cohen_steers.aspx Video Exclusive - March 2012 Fri, 16 Mar 2012 10:48:34 GMT http://www.asiaasset.com/0312_video_cohen_steers.aspx http://www.asiaasset.com/0212_video_bosera.aspx Bonds all the way for Bosera International Wed, 14 Mar 2012 16:29:48 GMT http://www.asiaasset.com/0212_video_bosera.aspx http://www.asiaasset.com/120312_pe.aspx Time to turn to another less customary focus of attention here: Brazil. The first of the BRICs recently surpassed the UK to become the world’s sixth largest economy, even in the face of a slowdown Fri, 09 Mar 2012 18:08:58 GMT http://www.asiaasset.com/120312_pe.aspx http://www.asiaasset.com/2007_bba_supplement.aspx 2007 Best of the Best Awards Supplement Thu, 08 Mar 2012 19:16:20 GMT http://www.asiaasset.com/2007_bba_supplement.aspx http://www.asiaasset.com/2008_bba_supplement.aspx 2008 Best of the Best Awards Supplement Thu, 08 Mar 2012 19:14:32 GMT http://www.asiaasset.com/2008_bba_supplement.aspx http://www.asiaasset.com/2009_bba_supplement.aspx 2009 Best of the Best Awards Supplement Thu, 08 Mar 2012 19:13:18 GMT http://www.asiaasset.com/2009_bba_supplement.aspx http://www.asiaasset.com/2010_bba_supplement.aspx 2010 Best of the Best Awards Supplement Thu, 08 Mar 2012 19:11:23 GMT http://www.asiaasset.com/2010_bba_supplement.aspx http://www.asiaasset.com/2011_bba_supplement.aspx Click to view the supplement in full screen Thu, 08 Mar 2012 19:08:28 GMT http://www.asiaasset.com/2011_bba_supplement.aspx http://www.asiaasset.com/050312_pe.aspx For the world economy’s brightest star, China seems to be attracting its fair share of negative commentary these days Mon, 05 Mar 2012 09:31:50 GMT http://www.asiaasset.com/050312_pe.aspx http://www.asiaasset.com/pe_270212.aspx The People’s Bank of China has just signalled an initiative that many private equity professionals have long been waiting for: the liberalisation of China’s capital controls Mon, 27 Feb 2012 09:44:09 GMT http://www.asiaasset.com/pe_270212.aspx http://www.asiaasset.com/winners2011.aspx Best of the Best Awards Winners 2011 by Asia Asset Management Fri, 24 Feb 2012 16:05:30 GMT http://www.asiaasset.com/winners2011.aspx http://www.asiaasset.com/060212_pe.aspx Private equity is no stranger by now to unwelcome media attention and accusations of vulture capitalism. Indeed, as Stephen Pagliuca, managing director of Bain Capital Partners, said on Bloomberg Television at the World Economic Forum in Davos recently, “it may be called very public equity now, given all the press.” Mon, 20 Feb 2012 10:49:27 GMT http://www.asiaasset.com/060212_pe.aspx http://www.asiaasset.com/130212_pe.aspx Last week’s topic of Bain Capital supremo Mitt Romney’s travails on the campaign trail naturally leads on to the vexed question of the taxation of individual income from private equity, and especially on carried interest Mon, 20 Feb 2012 10:49:04 GMT http://www.asiaasset.com/130212_pe.aspx http://www.asiaasset.com/200212_pe.aspx With the Obama administration now also turning its fire on carried interest, time to shift attention elsewhere: to China. For while US GPs (general partners) face the prospect of fresh curbs on their industry, the PRC is busy hatching fund vehicles the likes of which Asia has never seen Mon, 20 Feb 2012 10:48:39 GMT http://www.asiaasset.com/200212_pe.aspx