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.
Tag : anthony fasso
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.
Asset owners are being tipped to boost exposure to infrastructure and real estate from a low base, but with such strong demand for scarce assets, overbidding is a risk.
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 has hired Kerry Ching from Fidelity IM to run Asia sales and distribution as it looks to build its Hong Kong office into a regional hub.
The Australian asset manager signals its regional aspirations by appointing Fidelity’s former Hong Kong chief Kerry Ching. She started at the firm today.
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China's social security fund has named a dozen foreign fund houses to run the global mandates for which it invited pitches last year.
