Asset manager Cathay Conning seeks Asian growth

Cathay Conning Asset Management, a joint venture between Taiwan's Cathay Financial and US-based Conning Asset Management, wants to grow its Asian business out of Hong Kong by investing in Asian equities.

The fund house will have US$1 billion invested in Asian equities by the end of this year so that it can invest in new asset classes and go beyond its traditional insurance client base.

Mark Konyn, Cathay Conning's chief executive, expects its Asia-focused fund products to attract as much as US$5 billion in the next five to six years.

via Business feed http://www.scmp.com/business/companies/article/1101730/asset-manager-cathay-conning-seeks-asian-growth