By Nell Mackenzie (Reuters) – Investment management firm AQR’s Absolute Return Strategy in 2022 saw its best year since its inception since 1998, a source with knowledge of the matter said[...]
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Asia
Market misery deals sovereign wealth funds historic setback in 2022 -study
By Marc Jones LONDON (Reuters) – Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first[...]
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Turnover surges as funds rush to exit private equity stakes
By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere and re[...]
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Chinese bank wealth units seek to smooth performance amid redemptions
SHANGHAI (Reuters) – The asset management arms of some Chinese banks are turning to an accounting method that smoothes out the performance of wealth management products as they try to stem a ris[...]
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Berkshire Hathaway sells $34.4 million worth of shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.33 million Hong Kong-listed shares of electric vehicle maker BYD for HK$267.69 million ($34.4[...]
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China Nov new bank loans rise more slowly than expected
By Judy Hua and Kevin Yao BEIJING (Reuters) -New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the worl[...]
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Credit Suisse’s Greater China CEO to leave bank this week – memo
By Summer Zhen and Selena Li Hong Kong (Reuters) – Carsten Stoehr, Credit Suisse’s chief executive for its Greater China business, is leaving the bank, according to an internal memo seen b[...]
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Investors bet on greed and fear as China loosens COVID grip
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) -Investors caught off-guard by China’s dramatic COVID policy pivot are betting on both greed and fear as the economy starts to gradual[...]
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Equity mutual fund inflows fall to 21-month low in Nov on rising rates
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the[...]
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