• Sat
  • Dec 20, 2014
  • Updated: 4:37pm

Investment Management

Forget hedge funds, the real villain on yuan risk is closer to home

'Mainland leaders have cold feet when they think of hedge funds, remembering what they did in the Asian financial crisis, and [the leaders] are concerned that some people, who call loudly for a stronger yuan and say this is for the good of the Chinese economy, are actuall

Tuesday, 26 October, 2004, 12:00am


JF Asset Management temporarily stopped taking new subscriptions to its successful JF Eastern Smaller Companies fund last week in order to keep its assets at a manageable level. The fund has assets of US$400 million - more than eight times its value at the end of 2002 of US$48.2 million, according to the managers.

1 Feb 2004 - 12:00am

New Products

One of Europe's largest investment houses has been given the green light by mainland authorities to launch a joint-venture asset management company registered in Shanghai with capital of 100 million yuan.

14 Sep 2003 - 12:00am

Esprit chief's sell-off gives investors jitters

Analysts differ over the motives behind Michael Ying's hefty disposal of shares

Investors can often benefit from paying close attention to the trading activities of the majority shareholder. Recent sales in Esprit Holdings stock have been sufficient to keep shareholders on their guard.

13 May 2003 - 12:00am

Fund manager sees good returns from Asian US$ bonds

Investors looking for a healthy balance between risk and reward could do no worse than adding Asian US dollar bonds to their portfolio this year, according to ING Investment Management.

But Bas van Buuren, an investment manager on the fixed-income side, said he did not expect the asset class to really begin to perform until the Iraqi overhang was removed.

13 Feb 2003 - 12:00am

Peregrine conspiracy ruling

A court has ruled that George Soros' SFM Advisory Holdings, the Asian Development Bank and others conspired to strip Peregrine Investment Holdings of the true value of its stake in the company that manages the US$779.5 million Asian Infrastructure Fund (AIF).

7 Jan 2003 - 12:00am


Authorities have decided to set up an independent state-owned asset-management committee to control and boost the value of state assets, the semi-official China News Service said.

4 Dec 2002 - 12:00am

Another victim falls to curse of the chairman

News last week that British fund management house Friends Ivory & Sime Asia is pulling out of Hong Kong and its joint-venture with Dao Heng Fund Management would not have come as a surprise to many. And not just because of the rather bloated state of the fund management industry.

30 Sep 2002 - 12:00am

Fund managers drive price rally

The global equity rally of the past month has been fuelled by fund managers climbing off cash piles and putting them to work in the market, according to a Merrill Lynch fund-manager survey.

14 Nov 2001 - 12:00am


THE BOOK IS OUT at last - Doctor! Doctor! An Investment Analyst on the Couch (AVB Publications, HK$149), at your local bookshop now.

9 Nov 2001 - 12:00am

Investment regulation tightened

China is tightening regulation of its investment fund industry in a bid to strengthen its securities market.

The finance ministry recently issued draft rules outlining distinctions between fund management firms and securities investment funds, according to mainland newspapers.

26 Jun 2001 - 12:00am

MSCI launches 23-hour real-time index product

Morgan Stanley Capital International (MSCI) has launched a product which will offer more than 750 equity indices on a real-time basis.

28 Feb 2001 - 12:00am

Rundown on MPF providers

William M Mercer, the world's largest employee-benefit consulting firm, has introduced its own Mandatory Provident Fund (MPF) monitoring and evaluation service to help people review the performance of their MPF providers.

The service comes in two levels: basic and premium.

14 Jan 2001 - 12:00am

Scoring goals a matter of picking right team

This is not a vintage year for unit trust performance. In the first nine months less than 30 per cent of funds listed by Standard & Poor's Investors Services are making a profit. Many of those making money invest in sectors unlikely to attract the average Hong Kong investor.

22 Oct 2000 - 12:00am

Awful funds offer tough challenge

Lucy Bartlett is hoping technology will be the key to success after receiving the tough job of dragging Schroder Investment Management's retail funds from the bottom of the league table in the flagship US market.

Ms Bartlett took over the Schroder ISF US Equity Fund and the North American Fund in April after some 'absolutely awful performances'.

3 Sep 2000 - 12:00am