Equity funds contribute the most to the improved earnings despite their net outflows and a lacklustre stock market, but QDII fund profits turn negative.
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Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
Asset management veteran Peter Heng is building up investment capabilities at the Singapore insurer.
Japanese long/short equity and multi-strategy funds are added to the roster of Asian funds.
Former UOB-AM exec Daniel Chan is charged with turning the firm into a major manager of third-party assets.
Hong Kong''s first free market think tank aims to re-introduce Adam Smith, Friedrich von Hayek and Milton Friedman to government thinking.
New JV will develop Asian hedge fund products and distribute to regional investors.
Citibank''s Singapore country head, Sunil Sreenivasan assesses the fallout of the city''s bank mergers.