Fund Management

Latest News for Fund Management

• September 3, 2010 - JP Morgan AM Establishes Retail Presence In Singapore
  

  JP Morgan Asset Management has launched 21 mutual funds in Singapore's retail market. The majority of the funds are existing under the JP Morgan brand and are now registered in Singapore.

• August 17, 2010 - BlackRock Explores Taiwan Funds Market Via Primasia Buy
  

  BlackRock has announced plans to acquire Hong Kong asset manager Primasia Investment Trust as part of its expansion plans into Taiwan's mutual fund market. Financial details were not disclosed in the statement.

• August 15, 2010 - Asset Manager Eyes Japan Expansion With New Hire
  

  Investec Asset Management is looking to increase its Japanese investment capabilities with the recent hire of Makoto Sakaguchi to lead its funds franchise. Sakaguchi steps in from Citibank and is charged with helping the firm achieve its goal of growing its Japanese funds management business from $400 million to between $1.

• August 15, 2010 - Aberdeen Obtains QFII Licence In China
  

  Aberdeen Asset Management has just received a Qualified Foreign Institutional Investor (QFII) licence from the China Securities Regulatory Commission to invest in domestic Chinese securities. The investment manager is looking to expand its fixed income business in the region, it said in a statement.

• August 12, 2010 - Singapore PE Firm Mulls Wider Investment In Indonesia
  

  Singapore-based private equity firm Quvat Management is set to unveil its third private equity fund with a focus on Southeast Asia, BusinessWeek reports. Led by former Farallon Capital Management executive Tom Lembong, Quvat is poised to raise around $350 million for Quvat Capital Partners III, whose investments will be mainly in Indonesia, the news service said, citing unnamed sources.

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Latest Features for Fund Management

• March 31, 2005 - Asia: A Gold Mine for Wealth Managers?
  

  Asia’s wealth market has been growing faster than other regions of the world, presenting major opportunities to the private banking and wealth management industries. China and India are the major prizes, but with little history of wealth management and a plethora of regulatory and competitive hurdles, which are only slowly being dismantled, the wealth industry is not yet fully able to tap these markets. The immaturity of the market has created a “wealth race” in those two key emerging markets as global players rush to position themselves for the new opportunities.

• November 7, 2002 - Taxing times for Australia's ultra wealthy
  

  Twenty-four of Australia's richest individuals were slugged an extra A$918m in taxes last financial year — an average of $38m each — following a crackdown on tax avoidance among ultra-high net-worth individuals. Tax commissioner Michael Carmody, launching his annual report for 2001-02, said the sum included $451m in penalties for fraud and evasion. He said the Australian Tax Office was focusing on the use of offshore tax havens to hide income, as well as capital gains tax avoidance and intellectual property arrangements.

• February 7, 2005 - Country Survey: Australia’s Wealth Management Sector Wanting to Mature
  

  The number of millionaires is increasing faster than anywhere in the world, the country’s share market is at record highs, but Australia’s wealth management and private banking industry is still comparatively under-developed. Over 2003-4, the number of millionaires (in US dollar terms) in Australia grew by 11 per cent to an estimated 117,000—above the world average growth of 7. 5 per cent over the same period.

• March 9, 2002 - Wealth report: Australia
  

  Gone are the days where a private client adviser can simply quote the performance of the Australian Stock Exchange’s top 50 stocks to the client and take the rest of the day off. This will be no surprise to most since foreign banks now have 20 years of accumulated experience in Australian private banking. Private Client Management has interviewed senior private banking figures and has found the uniquely Australian characteristics of high net-worth individuals are forcing structural and cultural change within an industry going through some major tremors.

• November 20, 2001 - Why Australians invest offshore: it comes down to the rate of return
  

  There are investment advantages alongside the tax implications for Australian investors who take out investment bonds and savings plans in jurisdictions outside their home country, particularly when they are non-resident for tax purposes in Australia. Taxation in Australia There are three main federal taxes in Australia: income tax, fringe benefit tax and capital gains tax. Each state in Australia also has its own taxation system, so state taxes may also be applicable; for example, in New South Wales, land tax may need to be paid.

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