Hit to private labelling business comes after it suffered CHF 3.4bn of redemptions in Q4

Kristen joined Last Word Media and the world of financial journalism in April 2016, leaving behind a career in a legal publishing firm as a senior researcher turned assistant editor.
This native Angelino initially moved to the UK in 2008 to complete her undergraduate studies at the University of Nottingham. She subsequently obtained a Masters degree in Philosophy with Literature from the University of Warwick.
Hit to private labelling business comes after it suffered CHF 3.4bn of redemptions in Q4
As inflows return to its investment business for the first time in two years
As US election delivers Biden bounce
S&P 500 lost nearly 10% after the 2000 election before George W Bush was declared the victor
Luxembourg asset managers have reported a 31% spike in jobs since 2016
Swiss manager slashes personnel costs by a quarter as it axes over 100 jobs
It is the third year in a row they have been urged to reject executive pay
Only eight funds in the sector achieved a positive return during the worst period of the sell-off
Hundreds of job losses will bring costs down by €62m in 2020
‘Potentially material misstatement’ in accounts the latest blow for troubled fund house
Part of the Mark Allen Group.