As per Samir Arora, the fund house would look to focus only on active funds. This is against the trend of recent mutual fund house launches, which had focused on passive funds.
The stock market regulator has requested the police to slap a foreign travel ban on Kh Asadul Islam, managing director of Alliance Capital Asset Management, as he has allegedly embezzled Tk 45 crore.
The securities regulator has banned audit firm Ahmed Zaker and Co from the stock market for collaborating with an asset management company to embezzle investors' funds. In an order issued on Wednesday, the regulator said the firm would not be allowed to audit the financial statements of any mutual funds or listed companies. The Bangladesh Securities and Exchange Commission