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Aberdeen to expand U.S. presence with FLAG Capital Management acquisition
trueAberdeen Asset Management will acquire U.S. and Hong Kong-based private equity and real assets funds-of-funds manager FLAG Capital Management, in a deal that will expand Aberdeen's presence in the U.S. market.
FTSE announces first emerging markets indexes with China A-shares exposure
trueFTSE on Tuesday announced the launch of two “transitional indexes” allowing institutional investors to add an initial increment of China A-shares exposure to their emerging markets benchmarks.
Ariel names head of Asia-Pacific region
trueIan M. Webber joined Ariel Investments in Sydney as senior vice president, institutional marketing and client service, and head of Asia-Pacific.
Russell, Ping An end China-based joint venture
trueRussell Investments and China-based financial services conglomerate Ping An Insurance Co. of China agreed to end a joint venture they established in 2011.
GIC, CPPIB form joint venture for $263 million purchase of Seoul mall
trueGIC, the Singapore sovereign wealth fund, and Canada Pension Plan Investment Board announced Monday they had formed a joint venture partnership to acquire the D-Cube retail mall in Seoul from Daesung Industries for $263 million.
Firms in Japan and China ready for overseas acquisitions
trueA growing number of Chinese and Japanese firms are looking to invest in overseas asset management firms, with analysts and bankers predicting Chinese companies might prove to have the bigger appetite over the next few years.
RWC Partners hires Everest team for emerging, frontier, Asian markets equity strategies
trueRWC Partners hired a 15-person team to manage new emerging, frontier and Asian markets equity strategies.
Neuberger Berman taps managing director for private equity in Asia-Pacific
trueKent Chen joined Neuberger Berman as managing director and leader of the firm’s private equity business in the Asia-Pacific region.
KIC portfolio ends 2014 at $84.7 billion, up 17.6% from year before
trueKorea Investment Corp.’s investment portfolio was valued at $84.7 billion at the end of 2014, up 17.6% from the year before, said its latest annual report, released Monday.
J.P. Morgan Asset Management names head of institutional for Asia ex-Japan
trueRachel Farrell, a managing director with J.P. Morgan Asset Management, was promoted to head of sovereign and institutional, Asia-Pacific ex-Japan.
GIC, CPPIB among institutional groups taking stake in largest U.K. mobile operator
trueFive big institutional investors, including Singapore’s GIC and the Canada Pension Plan Investment Board, will invest £3.1 billion ($4.7 billion) for a 33% stake in the U.K. mobile phone interests of Hong Kong-based Hutchison Whampoa Ltd.
Mercer taps Singapore Central Provident Fund CIO for ASEAN investment consulting
trueChua Boon Lee joined Mercer's investment consulting business in Singapore as a principal, ASEAN investment consulting.
Allianz Global Investors names Asia-Pacific CEO to take over U.S. operations
trueDouglas Eu will become the U.S. CEO for Allianz Global Investors.
Vontobel Asset Management set to expand institutional strategy for Asia-Pacific region
trueVontobel Asset Management is set to ramp up its institutional sales efforts in Asia, with the goal of having clients in the region account for more than 10% of the Zurich-based firm's assets under management within five years, according to a top executive.
Mercer's Asia-Pacific private equity manager research chief departs
trueRay King, a Melbourne-based partner with Mercer Investments and head of private equity manager research for the Asia-Pacific region, is leaving the firm amid a global restructuring.