UK fund management duo set for Asia entry

UK-based M&G Investments is setting up an office in Asia, while fellow British firm Legal & General Investment Management (L&G IM) is understood to be mulling a similar move.   Hong Kong is M&G’s destination, say multiple sources, although the firm, which has £200 billion ($315 billion) under management, has also considered Singapore. It is in the process of leasing office space, seeking to recruit staff in the city and transferring executives to the region.       …