News

Activist investors make an impact in Asia

Asia_globeActivist investors are becoming more zealous in Asia despite a recent stock market rally that has dampened their activity. In the first six months of the year, 38 Asian companies faced activist demands, according to data compiled by Activist Insight, a UK-based research organisation. By year end, the firm expects the number to rise to 65, which is less than last year's total of 78 but greater than the amounts for 2013 and 2014. The numbers are probably underestimates, says Paolo Frediani, the report author, who writes that “[Asian] institutional investors’ aversion to public spats ensures that most activism happens through behind-the-scenes negotiations, which elude the statistics”. Japanese companies faced 17 shareholder demands this year, the largest of any Asian country, according to Activist Insight. Shareholders may have been encouraged by prime minister Shinzo Abe's efforts to promote good stewardship as part of his Abenomics reform programme. Across the continent, “new funds are being launched and investors are becoming more daring in  pushing the boundaries of what can be demanded of boards and managers”, said Frediani. ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.