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DOL feeling heat on QPAM exemptions
trueThe Department of Labor is under increasing pressure to get tough on money managers with U.S. retirement plan clients when their firm, or an affiliate, gets into legal trouble.
Nikko's Shibata: Goal of becoming global asset manager in sight
trueA number of industry observers see Tokyo-based Nikko Asset Management as the region's leading example of a firm making big strides in moving beyond its home market in recent years.
AMP Capital taps strategic partners for targeted growth in Asia
trueIn a region where big financial conglomerates control distribution and — directly or through affiliates — the vast bulk of managed assets, Sydney-based AMP Capital has made strategic partnerships with such financial powerhouses the building blocks of its growth strategy.
ESG strategies largely absent from ETF landscape
trueAs the integration of passive strategies into institutional portfolios accelerates, another unequivocal trend — the consideration of environmental, social and governance factors in investment decisions — remains primarily a pivot point for more socially aware, active investment decisions.
Coming investment boom not just for Asian managers
trueLocal money managers in Asia will benefit as Asian investors come to account for an ever-larger slice of the global wealth pie, but big U.S. and European players could be poised to gain even more.
Del Rey founder finding rough road after fast start
truePaul Hechmer was a star international equity portfolio manager at Tradewinds Global Investors. But that star has burned out since he launched his own shop — del Rey Global Investors LLC.
For Vanguard, these are the best of times
trueVanguard Group Inc. on Jan. 20 surpassed State Street Global Advisors as the second-largest exchange-traded fund provider, a new milestone following a year that was filled with them.
Harvest Global CEO: Chinese managers must use “window of opportunity” to set stage for long-term growth
truePeng Wah Choy, the vice chairman and CEO of Hong Kong-based Harvest Global Investments Ltd., has high hopes that his parent company, Beijing-based Harvest Fund Management Co. Ltd., will emerge from the rapid ongoing opening of China’s capital markets as one of the local Chinese managers best ...
Cathay seeks to build global name through Conning buy
trueChina's big insurance companies have begun window shopping for potential overseas asset management acquisitions, bankers and industry analysts say, since regulators opened the door two years ago for insurers to invest a fraction of their general accounts offshore.
Value Partners looking to link up with AMG to gain entry to U.S.
trueValue Partners Group Ltd., an independent, Hong Kong-listed money management firm that established an extensive footprint in Greater China in recent years, is looking to plant its flag next in the U.S.
BNY Mellon AUM up 4% after another strong quarter for LDI flows
trueBank of New York Mellon reported $1.71 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of Dec. 31, up 4% from three months earlier and 8% higher than a year prior, the company reported in its earnings statement Friday.
SSgA's assets inch up 1.1% in quarter, climb 4.4% for year
trueState Street Global Advisors reported $2.448 trillion in assets under management as of Dec. 31, up 1.1% from three months earlier and up 4.4% from a year ago, said parent company State Street Corp.'s earnings announcement Friday.
UBS taps HSBC veteran as head of Asia-Pacific institutional distribution
trueJulie Koo will join UBS Global Asset Management in Hong Kong as the firm’s regional head of institutional distribution, Asia-Pacific, on April 13, said an internal note from the firm obtained by Pensions & Investments.
IMN conference: Real estate managers exploring smaller open-end funds
trueReal estate money managers are starting to investigate creating smaller open-end funds, said James G. Tod, partner at consulting firm KPMG, during a panel on Thursday at IMN’s 12th Annual Winter Forum on Real Estate Opportunity & Private Fund Investing Conference in Laguna Beach, Calif.
Federated Investors AUM climbs 3% in quarter; down 3.5% for year
trueFederated Investors reported $362.9 billion in assets under management as of Dec. 31, up 3% from three months earlier but down 3.5% from a year earlier, said its fourth-quarter earnings release Thursday.