The FSA Spy market buzz – 10 May 2024
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
Brought in to arrest a drop in performance in March 2014, Pan Yu Ming managed to do just that, but since then has seen the fund yoyo-ing from under to outperformance against benchmark while trying to negotiate the Chinese stock market rollercoaster.
Frank Yao arrived at Neuberger Berman in 2008, within a year the NB China Equity Fund hit the shelves, and Yao’s underlying investors embarked on what has proved to be a very lucrative journey.
“I have not met either team but my first impressions from my resources and experience suggests that the Neuberger Berman team led by Yao can boast a deeper and wider source of coverage. This probably gives them an edge with an investment universe of more than 4,000 stocks to research.
“Pan Yu Ming is the named manager of Allianz Greater China Dynamic Fund, but has only been at the helm for eighteen months.”
BNP Paribas AM hires, Nordea AM loses, Fund failures galore, PIMCO’s AI wariness, Manulife’s goes Robo-AI, The buyback march, Apple’s mistake and much more.
Part of the Mark Allen Group.