Relying on high-growth markets is not showing the results it once did - and the current situation is posing more questions than answers, says one corporate pension fund manager.
Nikko AM makes global appointments, Deutsche creates SWF coverage role, Russell's Persaud moves to Stradegi, Nomura adds rates strategist, NBAD names sales head, CIMB makes senior research hire.
Trevor Persaud has left Russell Investments after three years with the firm in Singapore. The news came at AsianInvestor's Southeast Asia Institutional Investment Forum yesterday.
Asian investors are increasingly using single-dealer e-trading platforms that they say offer anonymity and spread improvement, rather like dark pools for equities.
Like other consultants, Russell Investments is increasingly looking to provide services to the region’s wealth-management market, such as its OpenWorld funds platform.
The plan is to increase their allocation to alternative assets from 11% to 17% by 2012 which is a bigger jump than in other regions, according to a Russell Investments survey.
The consulting firm has hired Stephen Roberts from Russell Investments as Asia-Pacific head of investment management and plans to compete in the multi-manager market in the region.