ABN Personnel Move Sparks $1.6bn EM Outflow

ABN Personnel Move Sparks $1.6bn EM Outflow

Bonds

News that veteran EM portfolio manager Raphael Kassin has quit ABN AMRO's Global Emerging Market Bond Fund coincides with a $1.6bn redemption from that $6bn fund in the past week. Were it not for the outflow associated with Kassin's departure, EM would have seen inflows of $160m last week, according Emerging Portfolio Fund Research.com (EPFR). Kassin is moving to Credit Suisse in mid-July, where he is expected to take up a similar role. There is heated speculation about why he is moving at a tim

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