All articles by Verdict Staff

Verdict Staff

Brookfield Asset Management releases 2014 first quarter results

Brookfield Asset Management has reported its first quarter financial results for the year ended 2014, with 6% increase in the Funds from operations (FFO) excluding realized disposition gains, and 57% increase in the income per common share, over the previous year.

Mitsubishi UFJ keen to bid for BNY Mellon’s corporate trust arm

Mitsubishi UFJ Financial Group, a Japanese financial services firm, is keen to bid for the proposed sale of the corporate trust unit of Bank of New York Mellon (BNY Mellon).

Shenkman Capital Management hires new senior vice president for Business Development

Shenkman Capital Management, an American independent investment management firm, has recruited Richard Keri as its new senior vice president, business development.

Cohen & Steers introduces open end mutual fund for commodities futures

Cohen & Steers, a global investment manager, has established an open-end mutual fund – Cohen & Steers Active Commodities Strategy Fund – which will invest in commodities futures.

Emerging Asia leads Asian Hedge Fund industry to second consecutive quarterly asset record: HFR

The strong inflows into Asian hedge funds that began towards the end of 2013 continued into the first quarter of 2014, driving total capital invested in the Asian hedge fund industry to a second consecutive quarterly record, according to the HFR Asian Hedge Fund Industry Report, by HFR.

Barings recruits new head of equities

Baring Asset Management, an investment management firm, has appointed Jean-Louis Scandella as the new head of equities, for its London location.

Neil Woodford unveils new asset management company

Neil Woodford has unveiled his new asset management company called Woodford Investment Management.

Henderson wins SEI mandate

Henderson Global Investors has been awarded a concentrated unconstrained global equity mandate by SEI for $150m.

Grasp of complete financial picture critical to wealth managers retaining high-net-worth clients: SEI

The world’s up-and-coming wealthy, customer focus is the number one factor in their ongoing relationship with their wealth manager, and, generally, wealth managers are meeting clients’ fundamental expectations, according to a study by SEI.

AMCON brings in Barclays Africa, Afrinvest as financial advisers for Mainstreet sale

The Asset Management Corporation of Nigeria (AMCON) has hired Barclays Africa Group and Afrinvest as financial advisers for the planned spin-off of its financial firm Mainstreet Bank.