The UK firm’s China long/short equity strategy – which at one stage returned about 16% annually – reaches an end after a tumultuous recent history, shuttering with less than $10 million in AUM.
First State reshuffles responsible investment team, Dymon names CEO, Coutts adds in tax and wealth structuring, Amundi names VP of China institutional sales, and Hyperion hires a new dealer and analyst.
Martin Currie’s emerging-market investor Kim Catechis says the next decade’s growth opportunity is intra-EM, but worries that wealth has led to complacent policymaking.
Portfolio manager Chris Ruffle will leave Martin Currie due to a conflict of interest over a convertible bond investment. Meanwhile, the firm is searching for three new executives.
The fund manager is set to sign with more distribution partners and, further down the track, will establish a dealing capability and hire more analysts.