French asset-management promotion group outlines action plan

first_imgThe measures would also give asset managers the ability to improve their management fee disclosure, as well as to decide on whether to use the AMF’s fund classification, which has now been made optional.Other measures would allow management firms to use a wider range of liquidity management tools to manage their investment strategies in the best way, and make use of new pre-marketing possibilities, the organisations said.The AMF and the AFG also said FROG would institute an annual meeting to make sure the initiative continued developing.They named Jean-Louis Laurens as ambassador for the French asset management industry to promote the sector’s strengths within professional bodies and to major international investors.Laurens has been managing partner and chairman of the management committee of Rothschild & Cie Gestion since 2009, and headed up Robeco’s French subsidiaries from from 2005 to 2009. A newly established working group set up to make France’s asset management industry more attractive to foreign investors has outlined a series of steps to reach the goal.France’s Autorité des Marchés Financiers (AMF) and the French asset management association – the Association Française de la Gestion Financière (AFG) – set up the working group earlier this year, calling it FROG as an acronym for “French Routes and Opportunities Garden”.FROG has now produced a report on the outcome of its deliberations including seven concrete measures.These seven steps will help the industry to compete on an international level by letting investors choose fund subscription and redemption solutions from a comprehensive catalogue, and giving them access to SICAVs (open-ended investment companies) that have opted to comply with a governance charter, the AMF and the AFG said.last_img read more

Gold for Jeffrey, Khalil at Senior CASA

first_imgTHERE was a gold rush for Guyana’s Kristian Jeffrey and Jason Ray Khalil as the 2019 Caribbean Area Squash Association (CASA) continued at the Georgetown Club.The duo snapped up gold in the Men’s Doubles competition at the Georgetown Club Squash Courts yesterday.The doubles segment, an inaugural feature of the senior CASA, ensured that Guyana continued to show their dominance on the regional court.The Jeffrey/Khalil combination lost the first set to Barbadian players Khamal Cumberbatch and Shawn Simpson 3-11, but rebounded well to win the remaining games. With limited practice as a unit, the two senior Guyanese flowed well on the court to win 11-8, 11-10.Meanwhile the Women’s pair of Taylor Fernandes and Ashley Khalil lost to their Bajan counterparts, Meagan Best and Amanda Haywood 5-11, 9-11.Strive as they did, they were unable to cope with the fitness of the Bajans – putting up a good fight nonetheless.The tournament continued last evening with the third-place singles playoff which featured the Guyanese pair of Taylor and Mary Fung-a-Fat and the male third-place with saw Richard Chin (Guyana) and Joe Chapman (BVI) clash.Megan Best of Barbados was up against Guyana’s best in Nicolette Fernandes for the female final while Christopher Binnie of Jamaica played Cameron Stafford of the Cayman Islands in the male final.last_img read more