Pictet AM jumps on multi-asset bandwagon in Asia

Pictet Asset Management has brought in Andy Wong from rival Invesco as its first multi-asset investment professional in Asia, more than a year after regional head Amy Cho said it had planned to do so. The move reflects both the continuing trend for fund houses to expand their asset allocation capabilities in the region and the difficulty of finding suitable individuals. Headhunters told AsianInvestor last month that multi-asset experts in Hong Kong and Singapore were being offered…