Asia

INDIA - The Insurance Regulatory and Development Authority (IRDA) of India is not in favour of fixing a cap on the number of players in the pension fund sector. And investment of pension funds in equity markets, as it exists today in India, is not advisable,...

SINGAPORE - Morley Fund Management Singapore has been awarded the status of Enhanced Fund Manager (EFM) by the Monetary Authority of Singapore (MAS).

JAPAN - Fund managers are predicting two more years of gloom for Japanese equities. But they are hopeful that current restructuring will bring with it long-term growth.

KOREA - Fidelity Investments has appointed Anthony Gaughan as its new general manager for Korea.

CANADA/KOREA - The Korean National Pension Corporation (KNPC) has chosen CDP Capital, the fund management arm of the Caisse de dépôt et placement du Québec (CDP), to provide technical assistance, consulting services and training for the management of...

ASIA PACIFIC - US fixed income manager PIMCO has taken steps to extend its reach into the Japan with two executive hires based in Tokyo.

KOREA - The $250bn Korea National Pension Scheme has made two new hires as it initiates its manager-search for a new Korean private equity portfolio.

SINGAPORE - In an attempt to boost the country's outlook, the Government will give Central Provident Fund (CPF) members Singapore shares from the start of next month.

JAPAN - Invesco has appointed Ian Burden as chief investment officer for Invesco Japan. Reporting to Pacific investment head Anna Tong, Burden will be responsible for Invesco's Japanese and Pacific Basin products.

US/JAPAN - Independent fund manager Aetos Capital has strengthened its Asian capabilities with the appointment of Ronald Rawald as a managing director of the firm's Japanese acquisition and asset management unit.