Asian investors dismiss the prospect of a eurozone spillover from the Cyprus bailout, but see penalising depositors as a dangerous precedent that could spark bank runs in the bloc.
Tag : mark konyn
New Hong Kong-based start-up Cathay Conning Asset Management outsources its middle and back office to Citi.
Initially the firm is looking at high-yielding stocks to kick-start a $1 billion Asia ex-Japan equity mandate for parent Cathay, but it is questioning the relevance of Asian fixed income.