Morningstar boss eyes Asian expansion

Investment consultancy Morningstar aims to strengthen its business in Asia by adding fund analysts and attracting clients for its fund-of-fund offering, after it recently obtained an investment management licence in Hong Kong. Joe Mansueto, Morningstar founder and chief executive, told AsianInvestor he’d like to see a “commensurate capacity” to that in Europe and the US, but declined to give specific projections. The aim would be both to transfer staff from the US and hire locally…