Fund executive turnover on rise in China
Rule changes have led to a rising number of mutual fund managers leaving to set up private vehicles and asset management bosses switching to new investment units set up by brokers or insurers.
Portfolio managers have been exiting Chinese mutual fund houses at an accelerating rate this year thanks to a new law making it easier for them to set up their own private funds.
And general managers at fund firms have been switching firms to investment arms of Chinese insurers and brokers, which have been permitted to launch such businesses after new rules came in last year.
This year 194 portfolio managers had resigned from mutual fund houses in China as of December 5, almost …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.