All articles by Verdict Staff
Verdict Staff
Pictet unveils a new diversified alpha multi-strategy fund
Pictet Asset Management, a Swiss based private banking institution, ha unveiled a new multi-strategy fund, Pictet Total Return Diversified Alpha fund.
North American Management Corporation opens new office in St. Luois
North American Management Corporation, a US-based wealth management firm, has opened new St. Louis-area office in Clayton.
Monument Wealth Management unveils new app for iPhone and iPad
US-based Monument Wealth Management has launched the Monument Wealth Management News, a new application for iPhone and iPad.
SEI survey finds investment managers see operations as competitive advantage
Improving operations remains a priority for investment managers as investors and regulators continue to demand deeper levels of transparency. However, a new survey from SEI, indicates operational capabilities are also becoming a key competitive advantage.
DMS receives approval for AIFM pass porting application to Luxembourg
DMS Offshore Investment Services (DMS) has gained approval from the Central Bank of Ireland for its AIFM pass porting application to Luxembourg.
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Regulators double expenditure on financial services oversight
Financial services regulators in the US, UK and Hong Kong have more than doubled their expenditure over the last seven years according to new research from Kinetic Partners.
Bank of China plans to raise $16 billion to address capital issues
Bank of China is intending to raise as much as CNY100 billion ($16 billion) by selling up to 400 million preferred shares in a bid to address its tough capital issues.
Amicorp opens office in Cayman Islands
Amicorp Group, a global financial services provider, has expanded its business to the Cayman Islands by establishing a subsidiary dedicated to the market.
CBS CEO sells 500k of shares for over $32m
Leslie Moonves, president and chief executive officer of CBS Corporation, the US-based company operating in the media sector, has sold 500,000 shares, representing 0.0892% stake in the company. The shares were sold at a price of $64.84 each for gross proceeds of $32.42m.
Global AUM in short and leveraged ETPs at $61.5 billion: BOOST ETP
BOOST ETP, a specialist provider of Short and Leverage (S&L) ETP, has released the BOOST Short & Leveraged ETFs/ETPs Global Flows Report for April 2014. The report reveals the AUM of S&L ETPs at the end of April is at $61.5 billion, down 1% from the end of March and up 6% from the end of December 2013.