The private-equity firm signs agreements with the governments in Shanghai and Chongqing to set up two renminbi-denominated funds of Rmb5 billion each to invest in Chinese companies.
This is one bullet from the grapeshot spread by Credit Suisse demographic analyst Amlan Roy, who also argues that “Bric” is a meaningless concept and that Britain stands at the precipice.
Having named a head of alternatives advice in Australia, the US firm is looking to hire for the same role in Japan, as it re-estimates its model portfolios.
There are better ways for institutional investors to gain market exposure, says Peter Ryan-Kane, Asia-Pacific head of portfolio advisory at the investment consultancy.
AsianInvestor hosted a roundtable discussion of some of Hong KongÆs prominent hedge fund managers and investors, who say that good returns in 2008 is proving no guarantee of easy growth in 2009.