Funds investing in emerging markets could soon universally fail to achieve the top frAAA ratings from Standard & Poor's Fund Services.

Martin Taylor's departure from Baring in May, to join Thames River Capital, automatically triggered reviews of the frAAA £300m (&#8364474m) Baring Emerging Europe Trust and £425m Baring Global Umbrella Fund - Eastern Europe.

William Hutchings

Baring Emerging Europe

London Stock Exchange fires US employee after video of ‘racist’ altercation

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JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

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Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

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Emerging funds ratings to fall

Financial News

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

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Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test