Industry
Asset managers ‘subsidising’ own funds as fee pressures bite
Asset managers have been forced to subsidise their own funds in order to keep fees low despite soaring costs, research from Fitz Partners has revealed.
Praemium board probe clears Ohanessian
The new board of Australia-headquartered platform Praemium has issued a robust rejection of the way newly reappointed chief executive Michael Ohanessian was ousted by the previous directors, after conducting a “comprehensive review of events”.
Amundi opens Middle East HQ in the DIFC
European asset management giant Amundi has opened a regional office for the Middle East in the Dubai International Financial Centre (DIFC) to service institutional clients across the MENA area.
BNP Paribas rebrands and targets three key markets
BNP Paribas Investment Partners is targeting Germany, China and the US as the three key markets where it can accelerate sales growth significantly, the firm revealed in a 2020 strategic plan statement.
DeVere closes Miami office
International advisory firm deVere Group has closed its Miami office, one of its two major hubs in the US, following the company’s “strategic review” announced earlier this year.