asset management

Global Markets

More pain looms for EMs as lousy quarter sputters toward end

SAO PAOLO/NEW YORK(June 29): A dark quarter for emerging-market bulls is nearing an end, and it’s not clear whether things will get much brighter down the road, especially in the near-term.

Singapore economy

Singapore poised to connect global investors to the region amid Asian growth, says MAS MD Ravi Menon

SINGAPORE (June 5): Singapore stands poised to connect global investors to the region, as Asia’s dynamism and growth look set to be the defining investment theme over the next decade, says Ravi Menon, managing director of the Monetary Authority of Singa

Ascendas Hospitality Trust sells its only two China properties for $235.9 mil

SINGAPORE (Jan 29): The managers of Ascendas Hospitality Trust (A-HTRUST) are selling two hotel properties, Beijing Novotel Sanyuan and Ibis Beijing Sanyuan, for a total of RMB1.156 billion ($235.9 million) in cash.

China Focus

Cracks are showing in China’s shadow banking industry

SHANGHAI (Jan 24): Strains are spreading in China’s US$15 trillion ($19.8 trillion) shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels.

Property

AA REIT to divest 10 Soon Lee Road for $8.2 mil

SINGAPORE (Jan 15): The manager of AIMS AMP Capital Industrial REIT (AA REIT) has agreed to sell the REIT’s smallest asset in its portfolio that is valued below $10 million, 10 Soon Lee Road, for a consideration of $8.17 million.

China Focus

China's 'big bang' moment opens banks, brokers to foreign control

HONG KONG / BEIJING (Nov 10): China took a major step toward the long-awaited opening of its financial system, removing foreign ownership limits on its banks and asset-management companies, and allowing overseas firms to take majority stakes in local secu
From Reuters

Fintech

Two top 'quant' researchers exit BlackRock as it revamps stock unit

NEW YORK (July 4): Two high-level quantitative researchers have left BlackRock Inc (BLK.N) as the world's largest asset manager embarks on an ambitious effort to engineer a high-tech revolution within its stockpicking business. Michael Lemmon, a fo

Currencies

Malaysia shrugs off 1MDB scandal to become second quarter star

KUALA LUMPUR (June 29): Malaysian assets are back in favor as investors focus on encouraging signs of an economic turnaround instead of a scandal that has touched the top of government and as far as Hollywood.

Global Economy

Investing opportunities abound in Asia with Singapore as an ‘excellent platform’: Menon

SINGAPORE (June 23): Asia’s overall medium-term prospects are good and Singapore is strategically positioned to offer investors an excellent platform to tap into the region’s investing opportunities, says Ravi Menon, MD of the Monetary Authority of Si
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