LGT scours Asia for managers for its global fund

LGT investment chief says Asian managers are ''smart'' but their level of accounting and compliance standards miss the mark.

At least one Asian manager is on LGT Capital Management's firing list as the company's chief investment officer, Christof Kutscher, tours Asia this week looking for a possible replacement.

The Liechtenstein-based investment company plans to interview around 20 managers in Hong Kong, Singapore and Japan. Companies already interviewed include Lloyd George Management, Income Partners, JF Funds and Schroders. LGT currently uses two managers for the Japanese market and one for the rest of Asia. They would like to...

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