Final three Asset Management Award winners announced

We promised to announce the winners of three Asset Management Awards on May 23.

We are delighted to announce the winners for Asia Fund House of the Year - International, Best Fixed Income Manager and Best Alternatives Manager.

Congratulations again to everyone and a big thank you to our esteemed judging panel for their valuable insights and assessments.

To see the rest of the 2024 winners, click here.

Asia Fund House of the Year – International
JP Morgan Asset Management

JP Morgan Asset Management (JPMAM) picked up this coveted marquee award because the asset manager comprehensively proved it was head and shoulders above the competition in this part of the world.

This award was decided solely by the editorial team and judging panel based on the winners emerging from the Market Awards.

This winning fund manager made significant strides in growing business in Australia, New Zealand, and Singapore in 2023.

Judges were particularly impressed by JPMAM’s efforts to expand alternatives beyond institutional clients. In December 2023, it announced a partnership with alternative investment platform iCapital, as it sought to make alternative solutions available to wholesale investors in Australia.

In Singapore, it announced a tie-up with DBS to launch a retirement product that adapts to a customer’s life stages, automatically calibrating asset allocation depending on an individual’s timeline.

It also made noteworthy efforts at promoting active ETFs through which retail investors can tap the benefits of active management through a more cost-effective vehicle, expanding the investment options available to them.

Overall, judges were impressed with JPMAM’s commitment to innovation, client engagement, and expanding access to investment opportunities for retail and institutional investors alike.

Best Alternatives Manager
GCP

GLP Capital Partners (GCP) experienced significant business growth in the Chinese market in 2023, solidifying its position as a leading global alternative asset manager.

Posting impressive growth in a complex market, judges noted the asset manager had navigated a difficult space in a challenging year.

Key highlights included raising more than $3 billion of equity for China-focused real assets and private equity strategies.

This included raising over RMB 16 billion ($2.25 billion) of domestic capital for its RMB onshore funds platform.

Throughout the awards period, GCP launched several new funds, including the China Income Fund series, with notable funds such as China Income Fund VIII, IX, X, and XI.

These funds attracted significant investments from domestic insurance companies and renowned institutions, fuelling GCP's expansion in the Chinese market.

In response to market demands and sustainability trends, GCP launched its first clean energy strategy in China.

The strategy raised approximately RMB4 billion ($560 million) from domestic institutions, demonstrating GCP's commitment to environmental responsibility and diversification of investment offerings.

GCP's China platform currently serves more than 90 global institutional private capital partners, including more than 60 domestic institutional investors.

The firm witnessed a significant expansion of its client base, with many investors participating across multiple strategies.

Best Fixed Income Manager
PIMCO

As a fixed income portfolio manager, there is little doubt that PIMCO is one of the best in the business.

Leveraging risk management strategies and financial models to manage portfolio risk factors such as duration, yield curve, and asset allocation, PIMCO has 50-plus years of experience as a global leader in active fixed income.

Judges noted its scale and access, as well as its ability to navigate complex markets, taking a consistent and disciplined approach to give its clients the edge.

By any standards, PIMCO had a stand-out year in the Asia region with its wealth management business growing at its fastest pace since 2018, bolstered by rising demands for fixed income funds.

Asia-Pacific assets under the wealth management business reached $60 billion, 12% of the global total.

Its forward-looking macroeconomic framework enables it to allocate capital across asset classes and the risk spectrum, while its leadership position and deep relationships with issuers has helped it become one of the world’s largest providers of traditional and alternative investment solutions.