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Northern Trust names head of Greater China
trueMichael Wu was named head of the Greater China region at Northern Trust Corp., said John O’Connell, company spokesman.
Fidelity triples its China QFII quota, becoming first money manager to top $1 billion
trueFidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign institutional investor program to $1.2 billion.
Aberdeen Asset Management wants to bolster presence in U.S., North Asia
trueAberdeen Asset Management will look to build its presence in the U.S. and North Asia.
Korea Investment Corp. looking to add overseas offices in Asia, Middle East
trueKorea Investment Corp. is looking to expand its overseas network with offices in Asia and the Middle East.
Vontobel to acquire majority stake in TwentyFour Asset Management
trueVontobel Asset Management announced Wednesday it will acquire a 60% stake in London-based fixed-income boutique TwentyFour Asset Management, pending regulatory approvals in the U.K. and Switzerland.
GIC, Exeter Property Group form European real estate partnership
trueSingapore sovereign wealth fund GIC formed a €300 million ($328 million) real estate partnership with Exeter Property Group.
Cross-border PE deals on the rise in Asia
truePrivate equity investments that hinge on expanding a target company's geographic footprint as a key to adding value will be a bigger focus for the latest crop of funds being raised for deployment in Asia.
Cordea Savills to acquire SEB Asset Management
trueCordea Savills, a London-based real estate investment manager, will acquire Frankfurt-based SEB Asset Management for up to €21.5 million ($23.3 million), pending regulatory approvals.
Tail hedging review
trueSince the start of 2014, we have witnessed increasing interest in tail hedging with large global institutions looking to develop tail hedge mandates. Recent bouts of turbulence since October 2014 have intensified that interest, especially since volatility levels have continued to fluctuate rapidly, ...
Top Philippine pension fund seeks higher equity allocation as bonds sink
trueGovernment Service Insurance System, with 860 billion Philippine pesos ($19.4 billion) of investible funds, plans to ask its board to raise the cap on equities to 30% of assets from 20%.
PennSERS makes $50 million commitment to China buyout fund
truePennsylvania State Employees’ Retirement System committed up to $50 million to Primavera Capital Fund II, a private equity buyout fund focused on growth equity and control-oriented investments in China managed by Primavera Capital Group.
Australia's UniSuper wants Indian stocks as 'next big thing'
trueUniSuper Management is considering investing in India as Prime Minister Narendra Modi pushes sweeping economic reforms to lure investors.
Asset managers' optimism on India gets boost from budget, rate cut
trueMoney managers' bullishness on India got a boost from the strong focus on developing infrastructure and other factors announced in the government's proposed budget, and a second rate cut last week have reaffirmed their overweight positions on the country.
China's CIC sets up direct investment unit to boost efficiency
trueChina Investment Corp., the $653 billion sovereign wealth fund, has set up a company to focus on direct equity investments.
Taiwan's BLF seeks managers for $2.4 billion in infrastructure, real estate securities
trueThe Bureau of Labor Funds, which oversees seven public funds in Taiwan with combined assets of NT$2.9 trillion (US$92 billion), is looking for firms to manage US$1.8 billion in global listed infrastructure securities and US$600 million in global real estate securities.