Funds
Retail investors pull record £1.8 billion from UK equity funds
RETAIL investors withdrew £1.8 billion (S$3.1 billion) from United Kingdom equity funds in May, the worst month on record for the unloved sector.The figures add to a dismal trend...
Asia’s biggest alternative asset manager mulls new China funds, bucking retrenching trend
PAG – the largest alternative asset manager in Asia – is setting up a China fund to lure domestic capital and is considering establishing another that will cater to...
Archegos founder Bill Hwang convicted at fraud trial over fund’s collapse
ARCHEGOS Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in...
Investing GIC funds ‘not the solution’ to make Singapore’s equity market more attractive: Chee Hong Tat
DIRECTING Singapore’s sovereign wealth fund, GIC, to invest in locally listed companies is “not the solution” to improve the attractiveness of the Republic’s equity market, as doing so will...
Hedge funds turn cautious on stocks even as Wall Street strategists get bullish
WALL Street strategists are rushing to raise their targets for the S&P 500 Index, but hedge funds are growing increasingly cautious about equities due to the Federal Reserve’s reluctance...
UBS offers to redeem funds linked to 2021 Greensill collapse
UBS Group said it will give investors in Credit Suisse funds linked to the collapse of Greensill Capital a significant proportion of their money back, as the Swiss bank...
US government returns US$156 million worth of 1MDB funds to Malaysia
THE US Department of Justice (DOJ) said that it has returned an additional US$156 million in misappropriated 1MDB funds to Malaysia, a month after the South-east Asian nation sought extra compensation...
Chip stocks lose shine as hedge funds snap up software instead
HEDGE funds made an about-face last week dumping semiconductor stocks – beneficiaries of the artificial intelligence (AI) boom – while snatching up software.Fund managers net sold US technology stocks...
