Not the excessive fees they charge, but the rapid AuM-growth of hedge funds after the financial crisis is to blame for their disappointing performance. Unfavourable macro conditions also play their part.
Author Archives: Fund Selector Asia
Strong US job creation forcing Yellen’s hand
The United States’ non-farm payroll growth in July comfortably outstripped forecasts, according the Bureau of Labor Statistics.
Crabb takes over OMGI China fund as Lee departs
Diamond Lee has left Old Mutual Global Investors to pursue a career outside of fund management, Old Mutual confirmed on Friday.
BoE cuts rates to 0.25%, turns on QE tap
The Bank of England’s monetary policy committee has cut interest rates to 0.25%, and committed to a new term funding scheme to “reinforce the pass-through” of the decision into the broader market.
HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% on Wednesday despite it revealing a 29% slide in profits to $9.7bn for the first half.
The EMpire strikes back?
The outlook for emerging markets is becoming more stable as falls in currency, oil and other commodity prices – added to a soft landing for China – continue to ease, argues Tai Hui, chief market strategist Asia at JP Morgan Asset Management.
ETF robo advisor to launch in Hong Kong
The second generation of an ETF robo advisor by 8 Securities will be launched this quarter with lower fees to attract cost-sensitive investors.
Japan announces $45bn fiscal stimulus package
Japan is set to launch $45bn of new fiscal stimulus measures after Prime Minister Shinzo Abe and the cabinet gave the plan the go ahead.
More China insurers move into mutual funds
Two more mainland insurers have set up a mutual fund business in July.
Mirae: Firm expansion hits regulatory hurdles
The patchwork of global financial regulations present a key challenge when an asset manager wants to expand, said Mirae Asset Global Investments (HK) president and CEO Jung Ho Rhee.
