For private equity firms in Asia – even the likes of Apollo, Carlyle and RRJ – raising money has become tougher, something that outflows from emerging markets will exacerbate.
The decision to scrap the index circuit breaker looks to be a return to pragmatism, but more is needed to convince investors of the “decisiveness” of market forces.
The new chief executive of Korea's National Pension Service and his soon-to-be-announced investment chief need contracts based on performance, not term limits.
Joe Marsh becomes magazine editor, while Jame DiBiasio is named executive editor for Haymarket Financial Media, including AsianInvestor, FinanceAsia and The Corporate Treasurer.
Jame DiBiasio is named for his outstanding contribution to institutional journalism as Haymarket Financial Titles sweep inaugural State Street Press Awards.