Investment manager JPMorgan Fleming’s institutional liquidity funds have become the first international money market fund range to exceed $30 billion assets under management. JPMorgan Fleming is the largest provider of AAA-rated international liquidity funds, with a market share of 20 per cent and $30.6 billion assets under management. Its closest competitor, Goldman Sachs, holds $26 billion assets under management. Peter Knight, Head of Institutional Liquidity, attributed the growth in demand for liquidity funds to a greater focus on security among cash investors and a growing reluctance on the part of banks to offer market rates of return on deposits. ‘After the recent slew of corporate scandals and credit downgrades, investors are increasingly reluctant to take on the single counterparty risk that conventional deposits entail.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.