Many people will not look back on 2002 fondly, as the year has been marked by economic stagnation and political volatility. From ongoing deflation to Japanese economic malaise, from the threat of an American invasion of Iraq to the horrors of the terrorist bombing in Bali, this has been a year most of us would prefer to forget.
But grim tidings are not called for in the specialized universe of investment management in Asia. Here business has been tough but the trends have been positive. Top-tier Asian institutions are becoming more sophisticated. Governments are deregulating. The onslaught of global ageing is forcing savers to become investors. The financial crisis is now more than five years...
