Threadneedle ranks top performing fund manager in HK

Threadneedle, a leading European asset manager, has been ranked top performing fund manager in Hong Kong according to Global Investor Magazine, which uses Morningstar ratings.

James Campion, Head of Asia Distribution for Threadneedle, based in Hong Kong, said, “This ranking is testimony to the quality of Threadneedle’s fund managers and the range of products we have to offer investors in this market with an average of 3.6 stars over the 31 Threadneedle funds rated by Morningstar.”

He continued, “These are challenging times for investors all over the world and we are determined to continue to develop our product range to meet their needs and aim to deliver good performance in any market condition.”

Threadneedle expanded into Asia this year to serve its global clients better. It opened its first regional office in Hong Kong in May 2008, followed by an office in Singapore in October 2008. The Singapore office is led by Sue-Wei Wong, who relocated from Threadneedle’s London head office and is responsible for business development relationship in the region. Threadneedle’s range of 34 equity and fixed income mutual funds and eight hedge funds are authorised as restricted schemes in Singapore. Threadneedle has US$98 billion of assets under management globally, as at 30 September 2008. Threadneedle can only deal with professional or institutional investors in Hong Kong and Singapore respectively in accordance with local legislation.