citigroup asia fined 500k over Ponzi scheme
Citigroup Global Markets Asia has been fined HK$6m by Hong Kongs regulator in relation to a Madoff- style scheme.
Author: Portfolio Adviser
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johcm launches asia large and small/mid cap funds
JO Hambro Capital Management (JOHCM) has launched two new funds targeting growth in Asia.
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allianz adds to renminbi fund range
Investors will be offered exposure to the otherwise relatively inaccessible renminbi.
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barings brings william palmer in as gem guru
Barings has brought in William Palmer, formerly at KBC Asset Management, as investment director of its Global Emerging Markets equities team.
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hsbc offers new low cost portfolio range
The range of funds will include an option for cautious, balanced and dynamic investors and they will be compiled mainly of passive investment products, keeping costs down.
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swip bolsters its fixed income team
James Carver, formerly of Aberdeen Asset Management, will be investment director of the group’s absolute return bond funds.
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northill capital launches goldbridge capital partners
The asset management firm led by two ex-BlueBay Asset Management stars will specialise in European distressed and high yield debt.
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europe needs political will to deliver fiscal unification
George Renouf argues the case for fiscal unification as a solution to the European crisis though admits out this is more easily written and spoken about than delivered.
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pimco launches multi-asset fund
PIMCO has expanded its Select fund range to include the PIMCO Select Global Multi-Asset fund.
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Principal Group beefs up its regional presence
Principal Group has recruited Adrian Williams to beef up its regional presence, following the merger of Principal Investment Management and Border Asset Management back in January.
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feeney to depart bny mellon
Paul Feeney has resigned his position as head of international distribution at BNY to pursue an opportunity elsewhere in the industry.
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uk equity funds boosted by safe haven appeal
Higher inflows into UK Equity Income and All Companies funds in August, show UK investors tend to bring money home during times of volatility.