While some asset managers innovate or spend to manufacture funds for the times, others revert to one of the oldest tricks in the book – product relabelling – to the dismay of Asian private banking gatekeepers. “I wasn’t born yesterday,” says one Singapore-based fund veteran at a large European private bank, of “certain players” for pushing long-only plain vanilla products…
Unjust fund relabelling irks gatekeepers
19 November 2015
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