Martin Currie Investment Management Ltd., an Edinburgh-based fund management group, was fined about $14 million by finance regulators in the U.S. and U.K. for manipulating a client to aid a hedge fund the firm managed.
Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund.
The oil leak in the Gulf of Mexico divided politicians and scientists on how to deal with the worst-ever accidental offshore spill. It also split managers of U.S. stocks more than 4,000 miles away in Scotland.
The best Chinese stock values these days are in Taiwan, where dividend yields lead Asia’s 10 biggest markets and economic growth matches the mainland, said Chris Ruffle , manager of the island’s best-performing mutual funds.
The Shanghai Stock Exchange will take measures against brokerages including a UBS AG unit and China International Capital Corp. for sell orders that caused stocks to plunge on Dec. 20, a bourse official said.
Devan Kaloo led Aberdeen Emerging Markets Fund to top risk-adjusted returns by picking the best stocks in the most volatile industries, beating peers from Fidelity Investments to Franklin Resources Inc.’s Mark Mobius.