News

Macquarie cuts 10% of Asian investment banking jobs

Macquarie Group cut about 10 percent of its investment banking workforce in Asia last week. Read ››

Bank of India back in mutual fund business

Bank of India hopes to start its asset management business next fiscal and is currently waiting for regulatory approvals. Read ››

India to regain investor interest in equity mutual funds in 2012: ICRA

The year 2012 could see the return of interest in equity funds in India as markets respond positively to policy actions, says ICRA Online. Read ››

Asia’s investment bankers getting poorer with bonus cuts

On the rise this year has been the number of Asia bankers getting zero bonus. Read ››

AmIslamic offers bond fund for risk-averse investors

AmIslamic Funds Management now offers an Islamic bond fund that provides capital appreciation over the short-to-medium term. Read ››

Sukuk dominates fund-raising in 2011, says Malaysia's SC

Sukuk issuances accounted for US$26 billion out of US$39.2 billion approved for fund-raising activities by the Securities Commission in 2011. Read ››

ING Public wants 10% of takaful market by 2015

ING Public Takaful Ehsan wants its market share in the takaful industry to jump from 2 percent to 10 percent in 2015. Read ››

Goldman Sachs acquires 4.8% stake in Mongolian bank

Goldman Sachs purchased a 4.8 per cent stake in Mongolia’s Trade and Development Bank for less than $50 milion. Read ››

Deutsche Bank exits India's Lodha with $183 M profit

Deutsche Bank exited a four-year investment in Mumbai-based builders Lodha Developers, with a $183.09 million profit. Read ››

OSK Investment remains upbeat on Perwaja despite downgrade

Transformation efforts by Perwaja Holding kept OSK Investment Bank upbeat despite downgrade by Malaysian Rating Corp. Read ››

Nomura incurs $136M net loss for April-Dec.

Nomura incurred a group net loss of US$136 million in the April to December period partly due to a slump in business for corporate customers. Read ››

OSK's online trading to lure Japanese investors to Asean

OSK Investment Bank Bhd entered into a strategic alliance ith SBI Holdings Inc, a Japanese Internet-based financial conglomerate. Read ››

CIMB-Principal pays out $14.4M for 12 funds

CIMB-Principal paid out a total of US$14.4 million in distributions for 12 of its 54 trust funds. Read ››

Maybank Concludes US$330.6 Million Term Facility For Bajradaya Sentranusa

Maybank has syndicated US$330.6 million 10-year facility for PT Bajradaya Sentranusa. Read ››

Australian covered bonds welcomed in Europe

Over $5billion of the recent issuance of covered bonds were denominated in Australian dollars, due to large transactions from Commonwealth Bank of Australia and Westpac. Read ››

Indonesia to issue project-based sukuk in H1

Indonesia will issue $223.59 million of project-based sukuk in the first half. Read ››

Pakistani mutual funds up 15%

Public money under management of Mutual Funds rose 15 per cent to Rs287 billion in July to December, 2011. Read ››

Equity funds to top mutual funds in Indonesia: analysts

Equity funds are expected to gain 12 to 15 percent in 2012, versus an 0.8-percent loss  last year. Read ››

Reliance MF eyes more unique plans for investors

Reliance Capital Asset Management Ltd is looking to generate more business from gold savings plans and its recently launched Reliance Any Time Money Card. Read ››

Private equity attracted to HK

Hong Kong is attracting venture capital investment, said John Tsang, Financial Secretary of Hong Kong. Read ››

Khazanah-linked Jadwa Investment declares 15% higher dividend

Jadwa Investment, linked with Malaysian governments investment arm Khazanah Nasional Berhad, has declared 15 % higher dividend of RM1.26 a share. Read ››

AmInvestment Bank eyes RM30 B in managed assets

AmInvestment is hoping to have  RM30 billion in total assets under management by end of its financial year on March 31. Read ››

Baring likens South Korea to 80s Japan

South Korea is in a good position to boost exports to emerging and developed markets in 2012, according to Baring Asset Management. Read ››

Aberdeen Australia Equity Fund changes investment policy

The Board of the Aberdeen Australia Equity Fund, Inc. approved a change to the Fund's 80% non-fundamental policy, which will be effective March 14, 2012. Read ››

Japan's SMFG to penetrate China's mutual fund industry

Sumitomo Mitsui Financial Groupplans to acquire a minority stake in a mid-sized Chinese fund house to access China's mutual fund industry. Read ››

Citigroup Singapore sues HK-based hedge fund manager over gold

Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman for $1.03 million in trading losses. Read ››

OSK-UOB's new fund to give 5-6% returns

The OSK-UOB Emerging Markets Bond Fund has been launched, forecasted to give an annual return of at least five to six percent. Read ››

Pacific Mutual to distribute Rm19.68 M income for 3 funds

Pacific Mutual Fund will distribute ioncome worth RM19.68 million for the three of its funds with financial years ending on Dec 31, 2011. Read ››

ING Funds to distribute 3.3% income

A 3.3 per cent second annual income with be distributed to unit holders of the ING Structured Income Fund. Read ››

Public Mutual launches new Islamic fund

Public Mutual launched its new Islamic equity income fund, Public Islamic Savings Fund. Read ››

Citibank provides clients with institutional, high net worth trusts

Citibank launched its Institutional & High Net Worth Fund Platform. Read ››

Bank of India to acquire 51% stake in Bharti AXA

Bank of India will acquire a 51 percent stake in Bharti AXA Investment Managers Pvt Ltd, an asset management company to Bharti AXA Mutual Fund. Read ››

Japan's Kokusai drops Italian, Spanish, Belgian bonds

Kokusai Asset Management has removed bonds of Italy, Spain and Belgium from its $25 billion fund, Japan's top mutual fund. Read ››

BSN's Wealth Management to contribute up to 15% revenue

Bank Simpanan Nasional expects its wealth management division to contribute up to 15 per cent of the bank's revenue next year. Read ››

Reliance Mutual introduces SWP facility

Reliance Mutual Fund has introduced the SWP facility under its two schemes. Read ››

Jefferies lures 7 more UBS bankers in Asia after Wang

Jefferies Group Inc.has hired at least seven other UBS AG bankers in Hong Kong after hiring Ren Wang  to become its Asia president. Read ››

Wessex closing Asia hedge fund on asset slump

UK-based Wessex Asset Management is closing a hedge fund that invests in Asia-Pacific. Read ››

UOB stock rises on private banking plan

Shares of  United Overseas Bank rose by 2 percent with its plan to provide wealth management services to individuals with rising affluence. Read ››

Asian hedge funds giving up secrecy to win cash

Asian hedge funds are gicing up their secrecy and allowing clients more control of their investments in order to draw money from institutions. Read ››

Aladdin Capital to dispose corporate credit funds to Mitsubishi

Aladdin Capital Holdings LLC is splitting off part of its asset management business into a new company majority owned by Japanese trading firm Mitsubishi Corp. Read ››