Asia

EUROPE/ASIA - Atlantis Investment Management, a London-based Asia specialist, has restructured one of its leading funds in order to provide greater liquidity to investors.

JAPAN - At least five underperforming managers face the cull at Japanese corporate pension funds following the return of daiko henjo, the practice by which funds are allowed to return public assets under their management to the government.

KOREA - RMF, a unit of hedge fund manager Man Group, has added to its Hedge Fund Ventures (HFV) programme.

INDIA - The government of India has in principle decided to allow foreign direct investment (FDI) in the pension sector, and fund managers will be allowed to park funds abroad.

INDIA - The Indian Government has decided to kick-start the pension reforms and plans have been finalised to establish the pension regulatory authority - Pension Funds Regulatory and Development Authority (PFRDA) - by the end of this year.

INDONESIA/SWITZERLAND - Zurich Financial Services has sold its life business in Indonesia as part of its strategy to focus on key markets.

ASIA - ISIS Asset Management has appointed Mark Williams as lead manager on the ISIS Pacific Growth Fund, the company's retail Asia ex-Japan OEIC sub-fund.

ASIA - Johnson Stokes & Master has appointed Phillip Smith as head of its funds practice.

UK/ASIA - ISIS has strengthened its Asian team with the appointment of Mike Kerley as director, Pacific Basin equities.

JAPAN - Fund managers are optimistic about the Japanese economy which has shown a marked improvement this year.