![]() ![]() Given the diversification of clients’ assets by geography and the offshore nature of their businesses in many cases, such coverage is essential in providing the advice they need, she adds. “Our group has a presence in nine countries, and we pride ourselves on our ability to grow with our clients,” explains Ong. They are therefore looking regionally first – and then globally – for products to suit their circumstances. However, says Singapore-based Ong, with growth in their wealth, investors are getting more sophisticated in terms of their portfolio needs. Local knowledge, local presence and local access to key players and product providers is crucial for growing the business. The firm already has strong conviction in the value it brings to clients as a regional player. “We are looking at within our group, so that the products have a certain scale and reach a broader investor base as well as the new distributors working with us regionally,” says Eliza Ong, regional head of group asset management at RHB OSK Asset Management. Now, asset managers in Asia are anticipating growth in a new way, via a larger pool of investors than previously available, yet with the same level of protection as in their home market. The standards have been established to ensure that participating fund managers have the necessary experience and track record in managing retail funds offered under the framework. The framework allows the units of an ASEAN CIS authorised in its home jurisdiction to be offered in the other host ASEAN jurisdictions under a streamlined authorisation process, provided that the ASEAN CIS satisfies the set of specified common standards. On August 25 2014, regulators in Singapore, Malaysia and Thailand finally launched the ASEAN CIS Framework to facilitate cross-border offers of collective investment schemes (CIS) to retail investors. It took around four years for something similar to come to Asia, following demand from fund managers in the region for a similar type of vehicle. The European Union implemented UCITS (Undertakings for Collective Investment in Transferable Securities) in 2010 to simplify the cross-border distribution of funds and standardise the relevant documentation. Eliza Ong, regional head of group asset management at RHB OSK Asset Management, explains her firm's strategy to make the most of passporting. Because of that, the team's direct invitation into TI3 was revoked, and they were demoted into the Eastern Qualifiers instead.Asset managers in Singapore, Thailand and Malaysia are excited about the opportunity for growth in the wake of the launch of the ASEAN CIS framework in August 2014. It can be remembered that LGD.cn had a roster change not too long ago, replacing LongDD with DD. Since ninjaboogie is enlisted as a member of Neo.int's roster, it is unsure if they will still be allowed to play on with a permanent replacement or if they will be replaced with another team. The Western Qualifiers has a rule set which states that no stand-ins will be allowed to play for a team. The team was considered to be at least one of the top three teams in Singapore, and they had achieved enough to garner themselves an invite into the The International 3 Eastern Qualifiers. While the team didn't really excel, Neo.int has still performed consistently good. Ninjaboogie was the main carry and the captain of Neolution.International. That tournament was won by their sister team, Neolution.Orange. Their performance was considerable - the team played with two stand-ins since two of their regular players weren't able to travel due to personal reasons. ![]() Neo.int is fresh off a fourth place finish on the eight-team LAN tournament in Manila, Philippines. Our source also stated that the team is already looking for a replacement, which will most likely be a Singaporean, but they will retain Swish - now the only remaining non-SG player. Yuan Hing 'Blah' Teh, Neo.int's middle lane player, will be the new captain. Our source stated that the decision was agreeable for both sides - the team wanted to remove him and they feel that ninjaboogie himself wanted to leave. We reached out to a member of Neolution.int and he, who do not wished to be named confirmed the news. According to the forum post, dpm got her news from Eliza 'msjovial' Ong, manager and also the girlfriend of ninjaboogie. This came in just two days after his team competed on a LAN tournament in Manila, Philippines, where they finished fourth out of eight teams.Īccording to Sing 'dpm' Chi forum post on Playdota, Michael 'ninjaboogie' Ross of Neolution.International had allegedly been removed from his team. Ninjaboogie has reportedly been removed from his team, NeoES.Int. ![]()
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