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Asset Management
Mitsui & Co. and Nomura Holdings have agreed to acquire New Forests, a Sydney-headquartered real assets investment manager offering strategies in forestry, land management and conservation. The deal will see Mitsui becoming a 49% shareholder of the Australian firm, Nomura taking a 41% interest, and the remaining 10% stake retained by New Forests staff.
20 May 2022
ARA Asset Management has appointed David Blight as chief investment officer of its private funds division, ARA Private Funds. The appointment follows ARA’s recent acquisition by ESR Group in a landmark deal creating one of the largest real estate managers with combined assets under management of over US$140 billion.
20 May 2022
Toronto-based Brookfield Asset Management and Los Angeles-headquartered Oaktree Capital Management have expanded their global wealth team to meet the growing demand for alternative investment solutions.
20 May 2022
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Institutional investor appetite for real estate remains strong, with assets under management growing by 14% to a record US$4.7 trillion in 2021, from US$4.1 trillion in the previous year.
20 May 2022
A task force convened by the Monetary Authority of Singapore has published the second version of its green and transition taxonomy. The document, which builds on the earlier taxonomy proposed by the Green Finance Industry Taskforce (GFIT) in January 2021, details threshol
20 May 2022
Global bond exchange-traded funds (ETFs), though operating in the most challenging fixed-income market in decades, will triple their assets under management to US$5 trillion by 2030, according to BlackRock.
20 May 2022
Temasek-backed Azalea Investment Management has launched Astrea 7 retail bonds for public subscription in Singapore. The private-equity offering comprises S$280 million (US$202 million) of Class A-1 bonds at a fixed interest rate of 4.125% per annum, and US$100 million of Class B bonds at a fixed interest rate of 6% per annum.
19 May 2022
The recent collapse of the Terra stablecoin and its associated token Luna highlights the risks of investing in cryptocurrency. Investments worth billions of dollars were wiped out almost overnight after the algorithmic system supporting the crypto pair crumbled. For PGIM, the investment management business of Prudential Financial, the latest blow to crypto investing supports its view that cryptocurrency is a “portfolio kryptonite” that offers little benefit to an institutional investor while adding considerable volatility and risk.
19 May 2022
Citi has promoted Seoul-based banker Valentin Valderrabano to chief operating officer of Citi Global Wealth (CGW). Valderrabano was most recently the consumer business manager for Citibank Korea.
19 May 2022
Simon Lints has 30 years of wealth management, financial services experience
19 May 2022
The China Banking and Insurance Regulatory Commission (CBIRC)-supported Guomin Pension, one of the major third pillar pension market participants, has recently rolled out its first product, with other market participants saying that the official personal pension scheme might be available to the public in the second half of this year or early next year.
19 May 2022