BrightSphere shuts Hong Kong branch as assets plunge
The US multi-affiliate firm, formerly Old Mutual Asset Management, is closing its Hong Kong umbrella sales office as part of a change in strategy amid the Covid-19 pandemic.
BrightSphere Investment Group is closing its Hong Kong sales office following a change in leadership and strategy at the fund house's US headquarters. The move comes after it recorded a first-quarter plunge in assets under management amid the Covid-19 pandemic.
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