Boutique funds manager named Hong Kong success story


Australian boutique funds management firm, SWU Group, has been named the Hong Kong Forum's Success Story of the year.
The group, established in 1983 by Simon Wu, was recognised by the Hong Kong Trade Development Council, for the strength of its connection with the city-state and its use of the city to expand its business into China and other overseas markets.
SWU started out as a public practice accounting firm serving the Chinese community, expanding into financial advice in 1993, "helping local Chinese people secure the financial future", before forming Premium China Funds Management in 2005.
Recommended for you
Platinum Asset Management has provided an update on the possibility of a merger with asset manager L1 Capital following a period of due diligence.
Commentators may be forecasting consolidation in private market firms but a survey of the industry itself expects new manager formation will still outpace this, especially in Asia Pacific.
Fund manager Pacific Current has appointed a former superannuation chief executive as its newest chair, succeeding Tony Robinson who departs after almost a decade to focus on his role at COG Financial.
The possibility of a private credit ETF is looking unlikely for now with US vehicles seeing limited uptake, according to commentators, but fixed income alternatives exist that can provide investors with a similar return.