Changes on SGAM Japan as group launches India fund

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SG Asset Management has replaced its Japan manager Neiloy Ghosh with Stephen Harker while bringing f...

SG Asset Management has replaced its Japan manager Neiloy Ghosh with Stephen Harker while bringing forward plans for an Indian fund. Harker has already turned over 75% of the £77m Japanese fund in recent weeks to move it to a concentrated portfolio of around 50 large-cap stocks. The product is to be renamed SG Japan CoreAlpha as part of the move. The Indian launch will be out of the group's Luxembourg Sicav and run by the State Bank of India, which has ties to SocGen. It is set for launch at the end of the first quarter of 2006 and is likely to take a mainstream large-cap focus. At l...

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