Martin Currie, post-Chris Ruffle, ties with APS

Martin Currie and APS Asset Management have announced a strategic partnership to give Martin Currie sole global distribution rights to APS’s China A-share investment strategies. The move was sparked earlier this summer when an alleged conflict of interest prompted Martin Currie to part ways with its long-standing China equity manager, Chris Ruffle. The conflict involved Ruffle’s decision to buy a convertible bond in 2009 that led to losses and regulatory concerns. Ruffle, who has deci…