Jardine Fleming Takes Over Management Of Peregrine Funds

Jardine Fleming Investment Management Ltd said it had agreed with Peregrine Asset Management to take over the management of the Asia Bond and Currency Fund and a number of Hong Kong authorised unit trusts.

Three of Peregrine Asset Management (Hong Kong) Ltds fund administration staff and its compliance officer are expected to join Jardine Fleming and continue their work with the funds, Jardine Fleming said in a statement on Tuesday.

The Asia Bond and Currency Fund sponsored by Nikko Securities provides us with an opportunity to build links with a valued client in a market where we attach high strategic priority, Jardine Fleming Investment Management chief executive Mark White said.

 

The Asia Bond and Currency Fund is listed on the Luxembourg Stock Exchange and on the Osaka Securities Exchange. The Hong Kong-authorised unit trusts include the Peregrine Global Equities Fund, Peregrine Asian Growth Opportunities Fund,

Peregrine Premier Asian Growth Fund, Peregrine U.S. Dollar Money Market Fund and Peregrine Global Bond fund. Peregrine Asset Management is a 75 percent-owned unit of bankrupt Peregrine Investments Holdings Ltd Jardine Fleming Investment Management currently has more than US$17 billion under management and advice.