08/28/2014

EFG AM on buildout, plans multi-asset fund

EFG Asset Management is hiring staff in Hong Kong and Singapore for its investment and sales teams and aims to enter the retail market in Singapore, said its global chief investment officer.

08/27/2014

CHOICE calls for ban on asset-based fees

Consumer advocate group CHOICE has called for more stringency around financial advice conflicts of interest, such as asset-based fees, stressing regulation is the gateway to restoring trust in the profession.

08/24/2014

China details wealth-management assets

Wealth-management assets in China’s banking sector jumped more than 23% in the first half of this year, but most of these are either invested in low-risk securities or cash

08/19/2014

China Universal to close wealth management fund

The performance of the majority of short-term wealth management products have trailed the market because of low liquidity, as these closed-ended funds can only be subscribed to and redeemed on designated days.

08/19/2014

Family office concept gains traction in India

As Mumbai-based Waterfield Advisors builds a multi-family office with the backing of tech tycoons the Patni brothers, others are said to be making similar moves in India.