New chief executive hopes to get the beleaguered company back on track.

New chief executive hopes to get the beleaguered company back on track.
Alexander Friedman exits the firm, which has been hit by reputational damage.
The Star India Equity Fund, available for sale in Singapore, has not gathered enough assets, the firm said.
Compliance issues that resulted in Tim Haywood’s exit hit the firm’s reputation and flows.
GAM’s abrupt liquidation of its absolute return fund range, three of which are offered in Singapore, raise the question of whether targeted investors fully understand the product complexity.
UOB’s copywriting fail; South Korean managers launch “unification funds”; UOB AM launches alts fund for retail investors; Malaysia’s Affin Hwang establishes private equity arm; Janus Henderson names new head of Asia distribution; institutional investors embrace ESG integration; and more…
Goldman Sachs predicts World Cup winner using AI; LGIM names head of APAC ex-Japan; GAM to open in Australia, hires from Blackrock; Asia HNWIs believe society has become more inclusive of women, but not much in Hong Kong; SFC fines account executive for not recording phone conversations; Schroders launches chatbot ‘Schroders Go’ in Singapore; and more…
FSA compares the Aviva Investors – Global Convertibles Absolute Return Fund with the GAM Multibond Absolute Return Bond Fund.
In the universe of products registered for sale in Singapore, Aberdeen and GAM have the most funds in the doghouse while Polar Capital, Old Mutual and UBS were among the top dogs.
FSA compares two APAC including Japan funds — the GAM Star Asia Pacific Equity Fund and the JP Morgan Pacific Securities Fund.
Part of the Mark Allen Group.