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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.
The big structural upside in Japanese equities
trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.
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.
Kansas Public Employees commits to Northern Europe buyout fund
trueKansas Public Employees Retirement System committed about $121 million total to two alternatives funds.
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.
Global turmoil creates strategic opportunity
trueGeopolitical tensions from the rise of ISIS to Russian aggression present what one consultant calls a global instability premium that could drive strategic institutional investment allocations to non-U.S. assets.
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.
Illinois Senate to vote on bill to require divestment from companies that boycott Israel
trueThe Illinois Senate is scheduled to vote on a bill March 24 that would require the five state-funded retirement systems to divest investment holdings in companies that boycott Israel.
Carlyle closes first international energy fund at $2.5 billion
trueThe Carlyle Group announced Friday the closing of its first international energy fund, Carlyle International Energy Partners, at $2.5 billion, a news release said.
Japan's big public funds adopt GPIF's equity-heavy asset allocation targets
trueThree large pension funds for public employees in Japan on Friday signed on to the equity-heavy asset allocation targets announced last October by the ¥137 trillion ($1.13 trillion) Government Pension Investment Fund.
RBC Investor & Treasury snags J.P. Morgan executive for sales role
trueFrancis Jackson will join RBC Investor & Treasury Services in a senior sales role.
2 ETFs help WisdomTree exceed $50 billion in assets
trueTwo exchange-traded funds are leading New York-based ETF manager WisdomTree Investments Inc. to experience significant growth.