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.
Tag : baring asset management
Lyxor names former Fortune director to head Asia; Axa IM Middle East sales head exits; Barings hires two EM execs; London tax specialist unveils HK office.
The UK fund house is underweight Chinese equities due to growth concerns, and has increased exposure to US and Japanese equities, expecting monetary easing to continue.
The UK fund house sees appetite for emerging market exposure, particularly China, and multi-asset allocation after completing its acquisition of SEI Asset Korea.
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The days when the stigma of failure was attached to product closures are long gone as managers adapt to market realities after the global financial crisis, says Baring Asset Management.
The firm agrees to acquire SEI Asset Korea to fast-track its expansion in the country. It will look to ramp up distribution of domestic and global products.
Sean Chang, the firm’s new head of Asian debt investment in Hong Kong, says Baring Asset Management will focus more on its Asian fixed income business.
Local distributors and fund managers are ignoring the cost impact, and some say the new legislation will make foreign financial institutions de-facto tax enforcement agents of the IRS.
The firm’s new head of Indian equities, Ajay Argal from Birla Sunlife, is preparing to launch an India fund next month for global retail and eventually institutional sale.
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Percival Stanion, global head of multi-asset portfolios at Baring Asset Management, says investors are waiting for emerging-market monetary easing and more certainty in Europe.
It’s a fair bet the firm is looking to launch an Asian bond fund out of Hong Kong soon, while it is also seeking to create a segregated Asian version of its UK multi-asset proposition.
Investment manager William Fong says valuation levels are compelling after the correction, but maintains positions in stocks less sensitive to inflation pressure and policy tightening.
