Latest News From the Asian Investment Managers website
17 Aug 2012
Private equity firm Asia Alternatives raises over $1.5 bn
Private equity firm Asia Alternatives said it has raised more than $1.5bn in new funds to invest into fund managers across Asia, with around 75 percent of its existing investors committing to the new funds, underlining the continuing appetite for Asia growth.
Equity funds: Capital flows to Asia seen continuing
Equity funds are expected to continue to attract inflows in the second half of the year as capital flows shift to Asia due to weakness in the US and European markets, according to Morningstar Research (Thailand). Managing director Peet Yongvanich said equities should outperform other asset classes as the weak global economic environment continues to keep interest rates low.
Beijing to unleash savings pool
China is preparing to allow foreigners into its bond market and offshore hedge funds to raise money on the mainland, a historic step that would open up the world's largest untapped pool of savings.
Sovereign wealth funds hunt for bonds in China
Sovereign wealth funds are increasingly interested in buying China's domestic bonds to get a bigger foot in the world's second largest economy, benefit from good yields and diversify their exposure to more currencies. Despite concerns over China's slowing growth, the giant industry, which manages countries' windfall revenues for future generations, is taking advantage of the gradual opening up to foreign investors of its mainland bond market worth over $3trn.
For your regular weekly digest of fund industry news, links to more than 50 new stories every week can be found on the Asian Investment Managers Guide website. For access to the full list of stories, click the link below: http://www.funds-asia.com/industrynew.php
Author: Richard Newell