Friday, 31 October 2014
Last updated 24 min ago
Oct 9 2013 | 9:58am ET
Allianz Global Investors has brought a former employee back from a hedge fund to take over an Asian stock strategy.
The firm will hand its £36.2 million Total Return Asian Equity Fund and an offshore fund to Pan Yu Ming, who returned to Allianz this week, Financial News reports. He will succeed Raymond Chan, chief investment officer for Asia-Pacific equities at the firm, who has managed the fund for the past three months. The fund is down 4.3% between April and September of this year.
Chan will now serve as deputy manager under Pan Yu Ming.
Pan Yu Ming formerly managed two other funds for Allianz before moving to CSOP Asset Management in 2010.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.