Regulators accepted an ownership change application as the Canadian firm pledged to expand both its Asian and asset management units

The move applies to the China New Horizon Mixed Securities Investment Fund and Hong Kong Stock Connect Long Horizon Mixed Securities Investment Fund

Chinese fund managers are ranked by performance on an annual, quarterly, and monthly basis, fostering a culture that some analysts say contribute to wild swings in stocks

As vice-chairman, Chang will play a key role in building out the Asian hub for PGIM Investments, as well as enhance PGIM’s overall presence

Companies that create inclusive cultures are tapping into the labour force’s full talent pool while benefitting from cognitive diversity, the research firm said

Newly-registered private funds totalled 95.9 billion yuan ($15.16 billion) in January, down 44% month-on-month, according to AMAC

Stefanie Holtze-Jen has been recruited from former Deutsche Bank unit DWS, where she coordinated a team to guide portfolio managers on strategy

In the Asia-Pacific region, assets under management increased by 15.9% in the first three quarters of last year, up from 11% in 2020

Despite the slowdown, existing foreign groups applied to launch a new high of 74 funds last year, a 220% jump from 2020

London-based bank intends to merge L&T Investment Management with its $1.6 billion asset management operation in India in bid to become Asia's top wealth manager by 2025

Wang Chaoyong, whose firm manages of more than $1.7 billion in assets, was sought by police on November 30 in Beijing

The group, which has $82.9 billion under management, said chief financial officer Kirsten Morton would become interim CEO