Fund Manager

Big asset managers could pose risk to market, US Treasury says

BlackRock, the world's largest asset manager, has staunchly opposed the idea of being designated as a 'systemically important financial institution'. Photo: Reuters

Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the US Treasury Department on Monday that boosted the likelihood the largest such firms would face tougher federal scrutiny.

Tuesday, 1 October, 2013, 10:54am

An interlude that is music to Anthony Bolton's ears

An interlude that is music to Anthony Bolton's ears

Anthony Bolton puts his success down to being unemotional and a contrarian investor. In interviews with the financial press, he is often described as unflappable. But put him in an opera house or classical concert hall and he checks that part of him at the door with his coat.

25 Feb 2013 - 2:08pm

The Week Explained: Overconfidence

How some fund managers view the world.

Hedge fund managers often regard themselves as the masters of the fund management universe.

28 Jan 2013 - 7:21am

Brokers and insurers allowed to manage mutual funds on mainland

China Securities Regulatory Commission posted draft rules allowing mainland brokerages and insurers to set up and manage mutual funds. Photo: Xinhua

The mainland plans to allow brokerages and insurers' asset management units to set up and manage mutual funds available to the public as regulators seek to bolster the equities market.

31 Dec 2012 - 4:58am

Money managers looking for a ray of sunshine

In the first 11 months of this year, "sunshine" funds posted an average loss of 5.21 per cent against an 8.8 per cent drop in the stock market. Photo: Reuters

Will Beijing bring a ray of light to the mainland's "sunshine" private trust funds next year?

After a lacklustre performance this year, managers of the mainland's nearly 1,000 such funds - a prototype form of hedge fund - are keeping their fingers crossed in anticipation of a major liberalisation of the sector that could boost the domestic stock market.

27 Dec 2012 - 1:59am

Putting a price on passion for top fund managers

Illustration: Martin Megino

A background in fund management could help you when it comes to managing a fund company, but the most important trait is to have a "real passion" for the industry, says Lieven Debruyne, the newly elected chairman of the Hong Kong Investment Funds Association trade group.

22 Dec 2012 - 2:36am

Book review: The Hedge Fund Mirage

Book review: The Hedge Fund Mirage

You would think that a person who made a living allocating to hedge funds for more than a decade would take a kinder view of this sector. But Simon Lack, a money manager, earlier this year released a book with devastating conclusions about hedge funds.

17 Dec 2012 - 5:31am

Asset manager Cathay Conning seeks Asian growth

Cathay Conning plans to allocate 20 per cent of its US$1 billion capital to Asian small- and mid-cap stocks. Photo: Reuters

Cathay Conning Asset Management, a joint venture between Taiwan's Cathay Financial and US-based Conning Asset Management, wants to grow its Asian business out of Hong Kong by investing in Asian equities.

10 Dec 2012 - 6:01am

Giving workers full choice over MPF only solution

Anna Wu Hung-yuk. Photo: Edward Wong

The whole point about the Mandatory Provident Fund scandal is that the MPF never at any time relied on market forces to set fee levels.

29 Nov 2012 - 4:53am 3 comments

Unions 'an option' to run MPF schemes

Anna Wu Hung-yuk, Chairman of Mandatory Provident Fund Schemes Authority. Photo: May Tse

Mandatory provident fund schemes run by non-profit organisations could be an option to drive down management fees, the head of Hong Kong's pension fund regulator says.

Anna Wu Hung-yuk cited trade unions and industry associations as an example of possible alternatives to the current scheme providers from the finance industry.

25 Nov 2012 - 3:35am 11 comments

Complaints over fees and poor MPF service

Mydy Lai. Photo: May Tse

The Employee Choice Arrangement has arrived, so workers may move the money in their Mandatory Provident Funds, but with restrictions. They may move only their own contributions, not the money paid by their employers, and they can do so only once a year.

12 Nov 2012 - 2:31am

How to get the best MPF funds

How to change your MPF provider

Thinking about changing your MPF plan? The recently implemented portability scheme gives you some freedom to move. And, as you search through fund data, you will notice there is much to choose from. Funds can vary greatly in terms of their returns, fees and risks.

12 Nov 2012 - 10:56am

MPF chief seems determined to be an enemy of the people

Diana Chan Tong Chee-Ching, Managing Director of Mandatory Provident Fund. Photo: Felix Wong

"The MPF was set up in a way that was employer based and it let 250,000 employers determine the providers in order to eliminate administrative burdens. To let all 2.4 million employees freely choose their providers and make it so they could transfer at any time would effectively change the whole structure of the MPF into an employee scheme."

4 Nov 2012 - 4:15am 4 comments

The Week Explained: MPF Choice

Now you can choose to split your dough among providers. Photo: Corbis

Here's the good news and the bad news. As of last week employees can benefit from the new Mandatory Provident Fund Employee Choice Arrangement scheme. The bad news is that the choice will be limited in a most surprising way.

5 Nov 2012 - 3:25am

Half the battle

Illustration: Emilio Rivera

Hongkongers love to complain about their Mandatory Provident Fund. The government launched the plan in 2000 to address citizens' retirement needs. It implemented a fully free-market solution, handing the fund management and administration to the private sector.

5 Nov 2012 - 3:25am