Tag : amp capital

Barings hires new HK/China equities head, Loomis Sayles appoints EM head, AMP Capital makes changes, Bosera PM arrested, sell-side moves at Morgan Stanley and JP Morgan.

AMP will take a 15% stake in its new joint-venture with China Life, with the insurance company owning the rest. The JV may eventually apply for QFII quota.

The Australian firm has already raised $305 million, mostly from Asian institutions, and intends to have a final close by the first quarter of 2014.

AMP Limited's CEO-in-waiting, Craig Meller, is prioritising growth in China in a drive to turn around its investment management arm's shrinking AUM in Asia following a rout in Japan.

The firm aims to exploit a number of fixed income opportunities in the region and will add to its 18-strong Hong Kong headcount.

Aussie fund manger AMP Capital and China Life joined forces and will set up a fund management company. Analysts say the insurer/fund manager partnership will be fruitful.

Allocations to bonds and other fixed income classes trump equities among Asian pensions and other institutions with long-duration liabilities, finds AMP Capital.

Regional pensions and insurance firms are expected to invest in the new infrastructure debt vehicle, which has a $1 billion fundraising target.

The fund manager gives international CEO Anthony Fasso responsibility for its dominant Australian client base. It comes as the firm officially opens its Hong Kong office.

The firm hires a BNP Paribas trio and relocates two from Sydney for a September start in Hong Kong. It is eyeing Asian fixed income and new products.

The strategic business alliance announced between Mitsubishi UFJ Trust and Banking and Australia’s AMP Capital Investors highlights the barriers to reaching Japanese investors.

Dean Winterton will join Prudential Corporation’s funds arm as Asia head of institutional business from AMP Capital, succeeding Paul Hancock.