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B>BOSTON/B>: Federal and state regulators on Tuesday accused Putnam Investments of securities fraud, making the mutual fund company the first to be formally charged in a widening probe into improper trading.
LOCAL companies should try to emulate their counterparts in Western countries in creating the right work culture and having the appropriate systems in place for them to succeed, BHLB Pacific Trust Management Bhd chief executive officer Paul Low Hong Ceong said.
SINCE she joined as chief executive officer and general manager of HLG Unit Trust Bhd on Jan 1, 2002, the one thing which Tye Su Leng has always done and continued to do so is to have a direct rapport not only with the company#039;s staff but also the distributors of the company#039;s funds.
FOR a company which ventured into the unit trust business hardly two years ago, Prudential Unit Trusts Bhd (PUTB) has fast gained prominence in the country#039;s mutual fund industry.