Malaysia's new single-family office (SFO) scheme appears to be gaining traction, with wealthy families actively pursuing opportunities to establish operations in the country, according to the Securities Commission of Malaysia (SCM).
Malaysia's new single-family office (SFO) scheme appears to be gaining traction, with wealthy families actively pursuing opportunities to establish operations in the country, according to the Securities Commission of Malaysia (SCM).
AsianInvestor speaks to fund industry executives in Southeast Asia to get a feel for how their industry has evolved since the collapse of Lehman Brothers in 2008.
The Malaysian joint-venture asset manager has announced new chief executives as part of a rotation of posts, further signalling its international ambitions.
The Securities Commission will cooperate with the EU under the Alternative Investment Fund Managers Directive. But the number of Malaysian fund houses marketing to European investors may be limited.
Sources say the Malaysian sovereign fund wants to boost its exposure to Turkey and to US tech companies, reflecting a growing trend for Asian state investors to put offices overseas.
Despite being extremely bearish on emerging-market equities generally, fund managers are keen on selected Asian markets and the major developed markets.
The $30 billion state pension aims to boost its internal expertise in investment and risk management – and outsource more – as it raises its foreign asset exposure.