Top-tier PE firm leads $19-billion acquisition of 90-year-old Russell Investments

Meanwhile, the new development strategy focuses on accelerating growth across five core business areas: outsourced chief investment officer (OCIO) services, portfolio implementation execution, personalized asset allocation, tax-optimized investing, and self-directed investment services within multi-manager frameworks—further expanding global client coverage and enhancing scalable service capabilities. B Capital—the strategic lead investor in this transaction—is a global multi-stage investment firm co-founded in 2015 by Eduardo Saverin (co-founder of Facebook) and Raj Ganguly, with over $12 billion in assets under management. B Capital primarily invests in growth- and mature-stage companies within innovative sectors such as technology, healthcare, and new energy, excelling at empowering traditional enterprises’ transformation and upgrading through technological enablement and digitalization. According to B Capital’s co-founders, the future core competitiveness of the asset management industry lies in the integration of research-driven investment expertise, personalized service, and digital innovation. Going forward, the firm will prioritize technology investment to drive Russell Investments’ evolution—from a traditional boutique asset manager into a next-generation intelligent asset management service provider. A 90-Year-Old Boutique Firm Annual Transaction Volume Exceeding $2 Trillion Public records show Russell Investments was founded in 1936 and is headquartered in Seattle, USA—a globally established, comprehensive asset management institution with nearly a century of deep expertise in institutional investing, wealth management, index research, and asset allocation. Unlike conventional asset managers, Russell Investments’ defining feature is its open architecture and multi-manager model: rather than focusing solely on proprietary product distribution, it curates high-quality public and private market investment solutions from across the globe to deliver neutral, diversified asset allocation strategies—primarily serving sovereign wealth funds, pension plans, insurance companies, high-net-worth individuals, and financial intermediaries. After 90 years of development, Russell Investments has built a truly global service network, operating in 31 countries and regions, with offices in 17 major global cities—and fully localized investment research and client service teams. As of June 30, 2026, the firm manages $416 billion in assets under management (AUM), provides advisory services for over $964 billion in assets, and facilitates more than $2 trillion in annual transaction volume—making it one of the world’s few boutique institutions simultaneously delivering large-scale asset management, advisory, and trading capabilities. Over the past two years, Russell Investments has sustained organic growth of over 15% annually—outperforming most listed asset managers amid global interest rate volatility and market turbulence, with industry-leading growth quality. The Second PE-Controlled Acquisition in a Decade 2015 marked a pivotal turning point for Russell Investments. That year, the London Stock Exchange (LSE) acquired Russell Investments and integrated its core index business with LSE’s FTSE division to form the FTSE Russell global index system—cementing its leadership position in the global index industry.

Global asset management giants accelerate their ‘beachhead’ expansion into Hong Kong: 37 trillion-dollar institutions heavily invest in Chinese assets, with HKEX becoming the central hub for global portfolio allocation

This '71% connectivity rate' means that for every RMB 100 allocated globally to Chinese assets, RMB 71 flows through Hong Kong. Taxation and regulatory environments constitute another critical barrier. Hong Kong’s corporate profits tax starts as low as 8.25%, with no capital gains tax; its favorable tax concessions for family offices have propelled it ahead of Singapore to become Asia’s largest cross-border wealth management center. By contrast, Singapore tightened anti-money laundering (AML) scrutiny in 2024, extending new client onboarding timelines to 1–2 years—prompting some capital to shift toward Hong Kong. Such policy advantages translate directly into tangible liquidity benefits: In 2024, the average daily trading value on the Hong Kong Stock Exchange (HKEX) reached HKD 130.9 billion—more than ten times that of the Singapore Exchange (SGX). Technological infrastructure upgrades are equally vital. HKEX’s 'LEAP' trading platform supports 300,000 orders per second, with latency reduced to the microsecond level; and the upcoming Securities and Futures (Amendment) Ordinance on Stablecoins—effective August 2025—positions Hong Kong at the forefront of the global digital asset race, making it the first international financial center to introduce a comprehensive regulatory framework for stablecoins. While Singapore is still debating virtual asset regulatory sandboxes, Hong Kong has already attracted cryptocurrency exchange FTX to relocate its Asia-Pacific headquarters back to the city—and launched a Hong Kong dollar–pegged stablecoin. III. Asset Re-rating: From 'Technical Recovery' to 'Structural Opportunity' The logic behind global asset managers’ increased allocations reflects a fundamental reassessment of Chinese assets’ valuations and growth potential. Shi Bin, Head of China Equities at UBS Asset Management, notes that A-share equity risk premiums currently stand above their historical average—while those of other emerging markets sit significantly below their long-term averages. This valuation gap has drawn Capital Group’s actively managed ETFs to increase positions in stocks such as WuXi Biologics and Meituan in March—with WuXi Biologics seeing a single purchase of 1.88 million shares at an average price of HKD 45 per share. A deeper shift lies in investment structure diversification: Non-equity investments—including bonds, private equity, and virtual assets—now account for 59% of assets under management in Hong Kong, up from 46% five years ago. In Q1 2025, Hong Kong’s Exchange Fund recorded bond income of HKD 40.6 billion—a 2.5-fold year-on-year increase—highlighting the growing appeal of fixed-income assets. Tan Ying, General Manager of Russell Investments’ China division, distills three key rationales—profitability and valuation advantage, structural growth opportunities, and multi-asset diversification value—which are now converging into institutional consensus. Hong Kong tax residency planning, company registration, bank account opening, annual returns, auditing, tax filing, MPF (Mandatory Provident Fund) administration, information updates, property purchase, and rental services are all available through our Galaxy Group. Feel free to contact us (WeChat ID: 18145843328) for consultation—we’ll connect you with experienced Hong Kong business advisors who will provide detailed guidance ↓↓ IV. The Future Battleground: Creating Certainty Amid Uncertainty Facing geopolitical volatility, Hong Kong is transitioning from a 'conduit' market to a 'value-creation' market. HKEX plans to expand the 'Southbound Trading Link' to include commodities and private equity, and explore incorporating Treasury futures into the 'Northbound Trading Link'; in the digital asset space, pilot programs for tokenized securities trading have already commenced—with a target to digitize 10% of bond transactions within three years. Such forward-looking initiatives helped Hong Kong reclaim the top spot globally for IPO fundraising in 2025—spanning cutting-edge fields including artificial intelligence and biopharmaceuticals. As Sun Chen, General Manager of Fidelity International’s China operations, stated: 'Hong Kong’s role is more important today than ever before.'

Robeco Increases Stake in DuPont de Nemours by 16.4%

Oct 22, 2026

Robeco Institutional Asset Management increased its stake in DuPont de Nemours by 16.4% in Q3, adding 137,070 shares valued at $124.36 million. Analysts rate the basic materials company as a "Moderate Buy" with a target price of $162.00.

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