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TCW Group adds to emerging markets unit
trueJae Lee was named senior vice president in the emerging markets group at TCW Group.
Aberdeen's China A shares fund is off to a late start
trueAberdeen Asset Management launched its first China A shares fund for institutional investors last month, arguably a less than ideal moment for a deep value manager.
Baton Rouge pension fund signs AJO for emerging markets equities
trueBaton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System plans to hire AJO to run active emerging markets equities.
Chalkstream heads to Korea in search of alpha
trueChalkstream Capital Group LP is betting that South Korea will be its next best source of alpha.
China taking steps to open capital markets ahead of MSCI decision
trueChina’s regulators are taking more aggressive steps to open the country’s capital markets to foreign investors in the run-up to a midyear decision by MSCI Inc. on whether to begin adding China’s A shares to the firm’s benchmark equity indexes.
New Bedford Contributory seeks emerging markets equity manager
trueNew Bedford (Mass.) Contributory Retirement System is searching for an emerging markets equity manager to run about $20 million.
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.
Old Mutual Global Investors brings on emerging markets debt head
trueJohn Peta joined Old Mutual Global Investors as head of emerging markets debt, a spokeswoman said.
CFA Society of the U.K. members see developed markets equities as overvalued
trueDeveloped markets equities are overvalued, say a net 52% of U.K. respondents to a survey by the CFA Society.
San Jose Police & Fire collars Dimensional for emerging markets equity
trueSan Jose (Calif.) Police & Fire Department Retirement Plan hired Dimensional Fund Advisors to manage $50 million in active emerging markets value equities, said Ron Kumar, investment officer.
Managers lower U.S. equity, emerging markets holdings — survey
trueMoney managers are reducing U.S. equity holdings amid expectations of a U.S. rate hike, said Bank of America Merrill Lynch's monthly fund manager survey.
CalPERS looking at stricter governance policy for emerging markets
trueA new global governance policy expected to be approved by the investment committee of the $296.6 billion California Public Employees’ Retirement System will subject CalPERS investments in emerging markets to tougher standards.
Washington State Investment Board taps 2 for emerging markets equity
trueWashington State Investment Board hired Brandes Investment Partners to manage up to $300 million and AQR Capital Management to run up to $500 million in emerging markets equity.
Investors sticking with emerging markets debt
trueInstitutional investors are still turning to emerging markets debt for higher yields, despite downgrades on Russian sovereign and corporate bonds that forced some indexes to remove certain bonds.
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.