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Job losses loom as Vanguard Group closes Hong Kong, Japan operations
and Japan operations and cut jobs across both locations as it shifts its Asian headquarters to Shanghai, it said on Wednesday. The largest mutual fund company, with roughly $6 trillion in assets under management, said in a statement its Hong Kong business mostly served institutional clients and not retail investors, which are its primary focus.


Posted: 2020-08-27 00:25:00

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Verse of the day

O Jerusalem, Jerusalem, thou that killest the prophets, and stonest them which are sent unto thee, how often would I have gathered thy chickens together, even as a hen gathereth her chickens under her wings, and ye would not! Matthew, 23. 37

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