LR Global honoured as top asset manager

LR Global Bangladesh has recently been awarded as the best investment management company among five finalists in Bangladesh and received the Investment Management Award for 2014 for the second year, it said in a statement yesterday.
The award by World Finance, a leading financial publication of the UK, also applauded SBI Funds Management India, NDB Wealth Management Sri Lanka, BMA Funds Pakistan, BOCI Investment Management China, AmInvest Malaysia, BNP Paribas Partners Indonesia, HSBC Saudi Arabia, Western Asset Management Singapore and T Rowe Price US, it said.
The award was evaluated based on the performance in the past year including financial statures, investment policies and vision, long-term strategies and risk management techniques, it said.
LR Global Bangladesh has become the second largest asset management firm in Bangladesh and manages six mutual funds with portfolio of approximately $120 million across equity and fixed income securities, it said.