The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.
January 16, 2023The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.
January 6, 2023The move came a day after a senate committee report was released highlighting the outsized influence of the “Big Three” asset managers towards ESG.
December 14, 2022Florida CFO Jimmy Patronis describes BlackRock's ESG strategy as a "social-engineering project" that has "nothing to do with maximizing returns".
December 5, 2022China launched its private pension scheme in 36 cities on 25 November. Commercial pension trials will start in 10 cities on 1 January.
December 3, 2022The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.
December 1, 2022Neuberger Berman was granted approval to set up a wholly-owned mutual fund business in China in September 2021, but has since been waiting for an operating licence.
November 28, 2022Manulife is the first foreign firm to receive approval to convert an existing joint venture into a wholly-owned fund management company.
November 22, 2022A UN expert group says companies claiming to be on a path to net zero cannot also be building or investing in new fossil fuel assets.
November 10, 2022Hong Kong Financial Secretary Paul Chan, who is due to deliver a keynote speech at the event, has tested positive for Covid-19 while in Saudi Arabia.
October 28, 2022