Swiss national Jens Sturzengger has become the first westerner to be charged by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.
Author Archives: Mark Battersby
Mark Battersby is head of content research and development at Last Word. Mark joined Last Word in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.
Amundi scales up in $3.74bn purchase of Pioneer
Amundi said it will become the world’s eight largest asset manager after acquiring Pioneer Investments for €3.54bn ($3.74bn).
Tumult in HK ETF market
New launches, delistings and fee cuts of ETFs continue ahead of the highly anticipated ETF Connect as well as the potential extension of L&I ETFs to track Hong Kong equities.
Investec puts EM equities on hold
John Stopford, manager of Investec Global Multi Asset Income Fund, said the portfolio has turned more pro-growth but has zero exposure to emerging market equities.
Sharp slowdown in MRF sales, imbalance increases
The huge sales gap between north- and southbound funds being sold through the Mutual Recognition of Funds continues to expand.
HK fee transparency plan could hit alts
The proposal to enhance fee disclosures should not have a big impact on banks and fund houses, but may impact the small intermediaries, according to industry players.
Maseco Wealth targets ‘gaping hole’ for US citizens in Asia
UK-based Maseco Wealth, the specialist wealth manager for US expat clients, is to target Asia with the launch of an independently owned business in Hong Kong.
JPM MRF fund caps new subscriptions
Northbound net flows under the Mutual Recognition of Funds scheme dropped in September after JP Morgan put a limit on new subscriptions for its bond fund.
Henderson takes on Janus in $320bn merger
London-headquartered independent fund manager Henderson Group is to merge with US fund manager Janus Capital, creating a combined operation with $320bn (£248bn,€285bn) assets under management and a market capitalisation of approximately $6bn.
Hermes’s five-year plan includes strong Asia buildout
Harriet Steel, Hermes Investment Management’s global head of business development, joined the company in 2011 and immediately set about transforming how the business was perceived.
