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The US fund house has signed an agreement with the Korean firm to help it distribute products such as its floating-rate bank loan strategy.
The investment consultancy has made an internal transfer to fill the newly created post of head of sovereign advisory for Asia, as it sharpens its focus on this client segment.
Apec ministers from Singapore, South Korea, Australia and New Zealand agree to develop a framework to facilitate regional cross-border fund sales in a move that could reshape the industry.
The great rotation from fixed income to equities is yet to occur. But the future of the asset class is up for debate as the Federal Reserve looks to taper its QE programme.
Far from worrying about India and Indonesia, famed economist Paul Krugman says it's China that keeps him up at night and sees cause for alarm in Korea's rising household debt.
Under the partnership with New York Life Investments, the Korean insurer is targeting domestic institutions with a new asset-allocation fund and mulling offshore business.
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The $360 billion National Pension Service has started its search for a new investment head, as it seeks to increase assets by 67% over the next five years.
