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Barings hires head of Indian equities

Baring Asset Management has appointed Ajay Argal as head of Indian equities.

He reports to Asia chief investment officer Wilfred Sit and will be based in Hong Kong when he joins the firm in September.

Argal has more than 17 years of experience in the fund management industry and joins Barings from Birla Sunlife AMC where he was head of offshore equities and managed the India advantage fund and excel India fund. Prior to this he was with UTI AMC where he was responsible for managing a number of Indian equity funds.

Sit says: “We believe that India represents a strong long-term growth story. Domestically, India’s fast growing middle income class is driving a boom for consumer goods, while demand for housing and financial services is likely to remain strong for many years to come as the pace of urbanisation accelerates.”


London & Capital cuts cash weightings to protect against more market falls

London & Capital is hedging its bets by reducing some of the cash allocation in its managed portfolios to provide protection from any further market falls and allow them to benefit from a bounceback when markets turn. The portfolios have been defensively positioned in recent months but the firm reduced its cash weightings by half […]

PM extends Riot Act to six weeks for claims

The Government has extended the window for people to claim compensation from the state for riot damage from 14 to 42 days. Under the 1886 Riot (Damages) Act, people can claim from the police for damages resulting from a riot. If an insurance firm pays an individual who has applied to the scheme, the amount […]

Halifax makes changes to income verification process

Halifax Intermediaries is making a number of changes to the way it verifies income. From tomorrow, intermediaries will have to provide a payslip where the customer is employed and with a basic salary only. Where the client is employed and has overtime payments, Halifax will require three payslips dated in the past three months. Where […]


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