News > Asset Management

Fund Managers’ Current Asset Allocations
Summary: A tailwind for the rally since February 2016 has been the bearish positioning of investors, with fund managers persistently shunning equities in exchange for holding cash. Fund managers have become more bullish, but not excessively so. Profit expectations are near a 7-year high and global economic growth expectations are near a 2-year high. However, cash balances at funds remains
Pimco Appoints Head of Asia Ex Japan
Michael Thompson, the head of Pimco's Singapore office, will become head of Asia ex Japan for the US-based asset manager. He will move to Hong Kong and report to Kimberley Stafford, the firm's recently appointed head of Asia-Pacific. Thompson joined Pimco in London in 2006, serving as head of European third-party distribution. He moved to Singapore with the firm in
Bonds Are Different: The Active Advantage
Ask an investor if most active bond funds outperform their passive counterparts and the response is likely to be "no." After all, if one investor beats the market, another must lag it. Active strategies incur higher fees, so the majority should underperform their lower-fee passive counterparts. Recent media coverage on the rotation from active to passive funds – although focused
Lines in the Sand
In my 2016 year-end review, which went only to clients, I included a discussion of the use of subscription lines by closed-end funds in areas such as private equity, real estate, distressed debt and private credit. It’s my impression that their use has become fairly pervasive in recent years, and in response to clients’ requests and market trends, Oaktree has
BlackRock's Fink Warns of Dark Days Ahead for U.S. Economy
In an interview with Bloomberg Television on Thursday, BlackRock CEO Larry Fink said that he's seeing "some warning signs that are getting darker" for the U.S. economy as uncertainty continues to pervade the markets. In the interview, Fink points to the middling growth of the U.S. economy and the continued uncertainty about whether President Trump will be able to expedite
Manulife Hires Asset Management Chief in Japan
The asset management arm of Canadian insurer Manulife has appointed Shinichi Yamamoto as president and chief executive of its Japanese entity. He succeeds Yoshihide Nagata, who has retired. Yamamoto joins from Pimco, where he was co-chief executive of the US firm's Japanese subsidiary. “Since the integration of our wealth and asset management businesses in Japan last year, we have been
'Pressure on' for Alternative Asset Managers
As institutions in Asia increase their allocations to alternative asset classes, asset managers are rushing to build up relevant expertise. Korean institutions are among the most eager to invest, with many aiming to put more than a fifth of their portfolios in alternative assets by 2020, says research firm Cerulli Associates. “With the protracted low-yield environment and uncertain economic outlook,
Two New Active ETFs With Unique Spins on Risk Management
It's simple math. It takes big gains to make up for big losses in financial markets. Actually, the gains have to be bigger than the losses to help investors just get back to even after incurring a big loss. Two new actively manged ETFs from Illinois-based First Trust operate on the premise that it can be advantageous to miss out
Amid Global Decline, a Rise in Asian Property Fundraising
Asset Management
The Asia-Pacific was the only region in which more capital was raised last year for non-listed real estate vehicles than in 2015, according to a survey. Respondents to the annual survey said that, globally, they raised $128 billion last year, a decline of 5% compared with the total declared in the previous year's survey. The result came despite the number
SGSS to Service Women's Microfinance Fund
Asset Management
Societe Generale Securities Services will provide fund services to a $120 million investment vehicle supporting female entrepreneurs in Asia. BlueOrchard Finance launched the fund to support microfinance institutions in South and South East Asia that lend to women. “The fund will be investing in a diversified portfolio, mainly in microfinance debt instruments, in ASEAN [Association of Southeast Asian Nations] countries,”