Buy Asian stocks beaten down by Brexit fears, says Josh Crabb, head of Asian equities at Old Mutual Global Investors. Others are tipping US shares and high yield.
Some fund managers are arguing the case for Asian equities despite the likelihood of further US interest rate rises this year.
HKEx hires for new mainland team; Citi appoints Asia CEO; Northern Trust creates Melbourne team; Old Mutual gets new group chief; RidgeWorth makes sovereign wealth hire; and FTSE recruits for ESG.
The CEO of Old Mutual Global Investors is aiming to recruit star managers along with other staff in Asia as part of a regional expansion. But Julian Ide wants employees who fit in with the asset manager's culture.