More job cuts expected in Asia’s fund industry – HONG KONG
More job cuts expected in Asia’s fund industry – HONG KONG (HONG KONG) Asia’s fund management industry will see further job cuts in the coming year as a plunge in revenue caused by the global financial crisis forces it to rein in costs, senior executives said yesterday. The industry in Asia, like its US and European counterparts, is being slammed by the triple blow of a plunge in net new sales, a drop in existing assets caused by falling markets and a shift by investors into more conservativ
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