The firm has lost four in Singapore including its CIO and two PMs. But it has signed an MoU to acquire an Asian equities boutique with seven investments staff based in the Lion City.
Tag : threadneedle
The UK fund house is looking to install an Asia investments team in a drive to build its presence in the region. It is also considering launching a sharia-compliant fund range.
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The Asia-Pacific chief of ING IM is to depart, with reports indicating that Ameriprise, the parent of Threadneedle AM, has pulled out of negotiations to buy ING IM's Asia platform.
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Threadneedle’s head of European equities, Philip Dicken, says passive indexing has created a good environment for stock-pickers, but expects markets to trade within a range.
Many fund managers are betting on the demise of Europe’s single currency, but the consequences of such an outcome could dwarf the risk-management tactics of any sizeable portfolio.
June Wong, senior managing director at AllianceBernstein, is joining Threadneedle in a newly created role, possibly as regional vice-chair reporting directly to Raymundo Yu.
The impact of the 2008 credit crisis is of more significance than geopolitical risk on market direction and it could be time to think the unthinkable, says vice-chairwoman Sarah Arkle.
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The firm has named Albert Lee, formerly of Merrill Lynch, in Hong Kong to help its regional expansion. He will work with Raymundo Yu, also ex-Merrill, with new hires imminent.
Yu leaves retirement to become the firm’s Asia-Pacific chairman in a newly created role, and will represent American affiliate Columbia Asset Management.
The UK asset manager has sharpened its focus on Southeast Asia and Taiwan and has more product launches in the pipeline, probably including renminbi funds.
Actively managing the underlying assets can sometimes be a better approach, says portfolio manager David Donora, who foresees a $1 trillion commodities market within 10 years.
Despite sovereign-debt issues and currency concerns, a period of euro weakness would benefit European companies, says Dan Ison, head of pan-European equities.
