Allianz Investments in Russia has appointed Ilya Mozgovoy deputy CEO and head of asset management.
AllianceBernstein has won the award for most innovative fund at the Feri EuroRating Awards 2012, presented yesterday for the fifth year to the best managers judged in each of Germany, Switzerland and Austria.
Standard & Poor’s followed Germany’s Feri ratings agency, on Friday, by downgrading the creditworthiness of the US, the world’s largest borrower. Below we print a slightly abridged version of the US agency’s reasoning for the cut, from AAA to AA+.
Asset managers say ratings agencies gave America “the benefit of the doubt for too long” before Standard & Poor’s finally stripped Washington of its coveted AAA rating late on Friday.
German ratings agency Feri is used to breaking fresh ground, its chief executive says – after all, it already downgraded the US.