Future Fund names chair; Insurance Authority adds executive director; Mark Mobius joins Chartwell Capital as advisor; PGIM's Asia ex-Japan head of institutional relationships group (IRG) exits, while Australia gets new IRG head; and more.
HKEX names structured products head; Vanguard Super chief steps down; FWD names new Singapore CEO; GAM Investments adds to Asian equities team; CBRE IM hires APAC logistics head; and more.
Last week the Swiss firm halted dealing in its absolute return bond funds after suspending the products’ lead manager, in a move that has sparked concern about such strategies.
The Swiss fund house has named a new regional chief. His predecessor and the Asia head of distribution have departed, the latter to UBS Wealth Management.
Equities in India and China have been identified as the major growth markets for hedge fund inflows this year, a new survey shows. And global macro is set to be the key investment strategy for 2015.
Following two recent departures to Swiss firm Syz, asset manager GAM is said to be revamping its sales team in Asia with a view to putting local heads in place.
Global macro strategies are still preferred to equity hedge, says fund house GAM, which is turning to newer launches for customised institutional portfolios.
These investments are largely uncorrelated to other markets and offer decent returns even in crises, says John Seo of Fermat Capital Management, while fund liquidity is improving.