News
carmignac gestion slashes equity exposure
Carmignac Gestion’s flagship 25bn Patrimoine Fund has dramatically cut its equity exposure to less than 30%, as its management’s concerns have grown about the central banks’ ability to provide a safety net in a market downturn.
Fund Advisers rebrands following MBO
Fund Advisers has rebranded as Finsbury Associates following a management buyout.
Credit Suisse trader banned for life by HK
The Securities and Futures Commission has put a lifetime ban on a derivatives trader who fled Hong Kong after being caught concealing risk and losses.
Schroders RQFII license for Singapore business
Schroder Investment Management (Singapore) has received a Renminbi Qualified Foreign Institutional Investor license from the China Securities Regulatory Commission, which will enable it to tap the investment opportunities in China’s onshore markets.
Fight or flight response
As the United Arab Emirates grapples with the ongoing regulatory shake up, the larger players are causing a ‘flight to quality’ that will have widescale ramifications for the financial industry in the region. While largely positive, there are still a number of issues to iron out