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.
Alan Porter, who runs two global growth and income stock funds for Edinburgh-based Martin Currie Investment Management Ltd., has been looking to U.S. companies such as AT&T Inc. and Pfizer Inc. to provide dividend growth.
Chris Ruffle, who co-managed the best emerging market hedge fund last year according to Hedge Funds Review, plans a new China offering after he parted company with Martin Currie Ltd. today following an investigation into a conflict of interest.
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 Ltd. and AMP Capital Investors said stock-index futures will let them hedge in China and more effectively compete with local fund managers as the nation prepares to open the market to foreign institutions.
Chinese property stocks, the nation’s worst performers this year, are becoming “more attractive” after government curbs on bank lending drove valuations to a year-low and made interest rate increases less likely, Martin Currie said.
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.
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.