Friday, 26 December 2014
Last updated 1 day ago
Apr 11 2014 | 9:01am ET
Emerging markets-focused fund manager Ashmore Group said investors pulled $6.2 billion from its funds in Q1.
A full $4 billion of the outflow was from funds providing currency hedging for investment portfolio, while funds focused on local currency, blended debt and multi-strategy funds saw smaller outflows.
It wasn't all bad news for Ashmore in the first quarter: it recorded a positive investment performance of $1 billion in the quarter.
Ashmore head Mark Coombs told Reuters he was "comparatively more positive about outlook for investment returns than at this time last year.”
Ashmore had assets under management of $70.1 billion as of end-March.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.