The emerging markets fund manager has reduced headcount and handed back its licences in Hong Kong in the face of economic uncertainty. But it retains a research function in the city.
It may be too soon to assess the likely effect of the Wuhan coronavirus outbreak, but investors are taking risk off the table in the short term while they hope for a swift recovery.
The Swedish firm is to make Hong Kong its Asia hub, as it closes its Shanghai research office and relocates staff to the city.
The ex-Soviet republics have bounced back and there's hope Russia's WTO accession will stir investments. But the closer you go to Europe, the worse it gets, says East Capital CIO.
Michael Hanson-Lawson of East Capital discusses Russia and its neighbours, against the backdrop of the current turmoil in the Middle East and Central Asia.
The Eastern Europe-focused asset manager believes the Russian stock market has turned around, following a dire 2009 and first half of this year.