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
Natixis Investment Managers has hired a distribution director to specifically focus on the firm’s work with research firms and consultants.
The use of total portfolio approaches by asset allocators is putting pressure on fund managers with outperformance being “no longer sufficient” when it comes to fund development.
With evergreen funds being used by financial advisers for their liquidity benefits, Harbourvest is forecasting they are set to grow by around 20 per cent a year to surpass US$1 trillion by 2029.
Total monthly ETF inflows declined by 28 per cent from highs in November with Vanguard’s $21bn Australian Shares ETF faring worst in outflows.
