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Asset Management
Although 2023 promises to be a more positive year than 2022, investors who are still worried about market uncertainty in the medium to long term are seeking balanced funds.
8 Feb 2023
Notwithstanding prevailing headwinds in the market, a robust appetite for mergers and acquisitions will fuel an uptick in deal-making activity in certain sectors this year.
8 Feb 2023
For sovereign wealth funds (SWFs) and public pension funds (PPFs), 2022 was an exceptionally painful year as it marked the first time that their assets under management (AUM) shrank. Some leading SWFs even recorded double-digit negative returns.
7 Feb 2023
Carlyle has appointed Harvey Schwartz as chief executive officer and a member of the board, effective February 15. Bill Conway will step down as interim CEO, maintaining his role as co-chairman of the board.
7 Feb 2023
Morgan Stanley is broadening its footprint in China after becoming the latest foreign financial institution to obtain regulatory approval to take full control of its mutual funds joint venture in the country. Morgan Stanley Investment Management has received the green light from the China Securities Regulatory Commission (CSRC) to increase its stake in Morgan Stanley Huaxin Funds from 49% to 100%. The equity step-up is subject to business registration and other procedures required by Chinese regulators.
6 Feb 2023
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Standard Chartered has appointed Peter Tung as regional head, private banking, Greater China and North Asia (GCNA).
3 Feb 2023
Zodia Custody, a London-based crypto asset servicing provider for institutional investors, has established a joint venture with SBI Digital Asset Holdings (SBI DAH) in Japan. The joint venture, with SBI DAH holding a 51% interest and Zodia Custody owning the remaining 49% stake, will act as a crypto assets custodian targeting institutional clients.
2 Feb 2023
Asian mutual funds face brighter prospects this year after a challenging 2022. As inflation cools and central banks are likely to slow the pace of rate hikes, stability is expected to return to interest rates, Cerulli Associates says.
2 Feb 2023
HSBC has completed the legal integration of AXA Singapore and HSBC Insurance (Singapore) via a scheme of transfer, marking the start of the insurance operations of the combined business under HSBC Life Singapore.
1 Feb 2023
China’s venture capital and private equity market went through a difficult 2022 with a drop in the number of new funds and overall subscription size. Internet, real estate and consumption were the top three sectors that saw the largest decrease in VC/PE investment. But VC/PE’s penetration rate in Chinese initial public offerings rose last year, with leading players getting more IPO deals.
31 Jan 2023
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