Ashmore seeks to tap wholesale market in Asia

UK-based asset manager Ashmore is turning its attention to building relationships with and distributing through private banks in Asia. “Signing these agreements is happening in earnest across all geographies,” says Jerome Booth, London-based head of research. More than 90% of the emerging markets fund specialist’s $65 billion in AUM is institutional, with some $20 billion of that sitting in the investment portfolios of central banks and sovereign wealth funds (SWFs). The firm has …