All articles by Verdict Staff
Verdict Staff
Equities drive positive returns for institutional investors: AMP Capital
Despite enjoying better-than-expected returns in 2013, institutional investors are significantly reining in their return expectations for 2014 and turning to alternative and illiquid asset classes alongside global equities, according to the latest AMP Capital Institutional Investor Report.
City National Bank bolsters private client group in California
Los Angeles-based City National Bank has expanded its private client group in Californias central coast region by hiring five wealth management executives.
Neuberger Berman expands marketing and sales teams in Asia
Neuberger Berman Asia, a unit of Neuberger Berman has hired six new marketing and sales executives in Asia as the firm grows to meet client demand in the region.
Barclay Hedge Fund Index slides 0.24% in April
Hedge funds lost 0.24% in April, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 1.14% in 2014.
Swiss asset manager launches 1741 Switzerland Index Series Funds
The new 1741 Switzerland Index Series Funds of 1741 Asset Management are putting an end to the “one size fits all” solution of indexing and offer investors access to eight specific index funds based on the Swiss stock market, with each fund applying a specific indexing methodology.
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Bank of America to dismantle electronic market-making unit-report
Bank of America is reportedly set to wind down its electronic stock trading unit to serve clients of Merrill Lynch wealth management business, reported Bloomberg.
Schroders appoints head of investment
British fund manager Schroders has appointed Peter Harrison to the board as head of investment with immediate effect.
BNY Mellon to divest 49% stake in Chinese fund management JV
BNY Mellon is reportedly planning to offload 49% stake in its Chinese joint-venture fund management company to Shanghai Leadbank Asset Management.
RCS Capital agrees to acquire VSCP, SCAS to expand wholesale distribution
RCS Capital Corporation, a financial services firm, agreed to acquire the investment distributor Validus Strategic Capital Partners (VSCP) advisor Strategic Capital Advisory Services (SCAS) in a bid to diversify RCS’ wholesale distribution portfolio.
ESMA consults on MiFID reforms
The European Securities and Markets Authority has launched the consultation process for the implementation of the revised Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).