AsianInvestor's October 2014 edition now online

Oct 13, 2014

We explore who pays for the lack of market-makers when the Fed raises rates, examine the risk appetite of Asia's largest asset owners, hear about demand for emerging market debt, and learn why private equity is under the spotlight.

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This month
On the move
04    Eastspring names Japan CEO, creates HK intermediary job; Threadneedle opens office in Seoul; OMGI hires Asian equity trio

06   Regulatory Analysis
        Singapore seeks CPF reboot

07   Regulatory Roundup
        BIS warning on EM funds; Singapore to simplify retail bond purchases

08   Data Centre
        Hong Kong and Singapore are tipped to grow in importance as jurisdictions for incorporation, surpassing BVI and Cayman.

Asset Owners
10    AI300 survey
        Our survey of Asia’s leading asset owners finds increased appetite for allocating overseas and into alternatives.

16   Q&A: John Pearce, CIO of UniSuper

18   HKMA seeks new head of direct investment; MAS mulls family office framework

Distributors
20    Is Vietnam ready for private banking?
        VPBank Securities aims to create the country’s first onshore private bank, but faces hurdles if it is to succeed.

22   Q&A: Donna Cotter, Asia head of wealth management, Manulife

24   Cerulli flags distribution trends; private banks ‘losing identity’

Fund Managers
26    Liquidity lost
        Investors must learn to cope with the disappearance of market-makers in fixed income

30   Demand underpins depth of emerging-market debt

34   Portfolio managers hedging yen exposure

36   BNPP IP plans China wholly-owned entity,
eyes Japan overhaul; Taiwan’s tough line reflects regional trend

Alternative Investments
38    Private players strive to cross the divide
        China’s private equity and venture capital managers plan to launch mutual fund firms, but the move will test them.

40   Q&A: Sanjay Gujral, L Capital Asia

42   Warburg Pincus hires Eddie Huang; Nomura AM agrees China JV; KKR hires Indonesia team

Asset Services
45    PE managers under pressure to outsource
Private equity firms have typically done their own fund administration, but that may be changing.

48   Roundtable: Hedge fund allocators and advisers discuss developments around the Fed and China.

54   Operations manager: Murray Steel, Asia COO of Man Group

56   SGX touts China hub credentials; family office concept gains traction in India

Events
58    Chinese asset owners talk global diversification
        Insurers are hesitant to venture overseas due to inexperience and fear of failure, but appetite for alternatives is on the rise, heard AsianInvestor’s China Investment Forum last month.

60   Bookend
        Indonesia Etc: Exploring the improbable nation. By Elisabeth Pisani