Flemings Group Moves Funds To London

Flemings confirmed that some investment funds that had been subcontracted to Jardine Fleming Investment Management (JFIM) in Hong Kong had been brought back under London management. But it said the re-patriation had occurred in February or March this year and there was no connection between the decision and the disclosure last week that one of the JFIM's top fund managers had diverted profitable trades to his own personal account.

Flemings owns Jardine Fleming jointly with the conglomerate Jardine Matheson. It said the decision to move management of the