(ADPnews) - May 14, 2010 - Pakistani credit rating agency JCR-VIS assigned yesterday a "positive" outlook on the management quality rating of AM4+ of Crosby Asset Management (Pakistan) Ltd.
The agency assigned the "positive" outlook in view of the measures taken by the company to address the governance related weaknesses. The company has also set up a risk management department, the effectiveness of which will be gauged over time. Furthermore, the stability of the management team has yet to be tested, with fresh appointments made only recently.
Currently, Crosby is managing two funds. The changing market conditions have called for a revision in investment …
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