Feri EuroRating Services has announced the winners of the Feri EuroRating Awards 2013. The rating picks the top asset managers in 14 categories in German-speaking Europe.
Germany’s Feri EuroRating Services is preparing to hand out its annual award for fund innovations.
South African investment manager StanLib has chosen Threadneedle Investments as its partner for global and emerging market equity. Threadneedle will manage portfolios worth in excess of $800m.
Lesser-known rating agencies in markets such as Brazil, China and Germany are planning their challenges to S&P, Moody’s and Fitch as new regulations take hold.
The credit rating agencies’ failure to assign accurate ratings to mortgage securities inundating the US sub-prime market in 2008 is old news. What is new is the rising concern about their monopoly of the ratings market and their ever evolving business structures.