SFC recovers $190m after collapse of hedge fund
The Hong Kong Securities and Futures Commission has helped hundreds of investors recover their money after a failed hedge fund allegedly defrauded them out of more than $190m (£120m, €170m).
Asia
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Manulife Singapore appoints chief operations officer
Manulife Singapore has appointed a new chief operations officer to oversee its new business and strategic technology.
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Malaysian IFAs should switch to fee for service – experts
Financial advisers in Malaysia should not wait for regulators to replace commissions with fees for service, but follow the global trend favouring such arrangements, according to panellists at s recent Expert Investment Forum in Kuala Lumpur.
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Fixed income supply can’t meet epic demand, says BlackRock
Ageing populations have created incredible demand from pension funds and insurance companies for long-dated assets, but the supply falls way short, according to Rick Rieder, BlackRock’s chief investment officer of fixed income fundamental portfolios.
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Jupiter to expand ties in Asia
London-headquartered Jupiter Asset Management hopes to sign four distribution deals in the next 12 months as it looks to expand its retail business in Asia.
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Generali Int’l launches Hong Kong-compliant savings product
Generali International has become the latest life company to launch a savings product fully compliant with the ban on indemnity commission introduced in Hong Kong at the beginning of the year.
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HEAD-TO-HEAD: Fidelity Greater China vs JP Morgan Greater China
The recent rally in shares of both China and Hong Kong-listed companies have put Greater China equities in the spotlight.
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Old Mutual Int’l appoints Steve Hickman as Singapore head
Old Mutual International has promoted Steve Hickman to head of region and chief executive in Singapore and South East Asia to replace Craig Ellis, who resigned in March.
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Baring launches three Hong Kong-domiciled funds
Local demand for income investments, a simplified registration process and the ability to add an RMB share class were good enough reasons to launch the locally-domiciled products, Gerry Ng, CEO of Asia ex-Japan, told Fund Selector Asia.
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Asia, Japan targeted as firms expand new fund launches
Fund managers Columbia Threadneedle Investments and Matthews Asia have launched equity products to tap the rising domestic demand story in the region
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Hong Kong-compliant savings product
Generali International has become the latest life company to launch a savings product fully compliant with the ban on indemnity commission introduced in Hong Kong at the beginning of the year.
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China proposes Bond Connect plan
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.