All articles by Verdict Staff
Verdict Staff
City Financial rolls out new Asian macro hedge fund
City Financial, the British independent fund manager, has unveiled a new Asian hedge fund which has more than $120m in assets.
Fulcrum Asset Management signs ten-year lease agreement with British Land
Fulcrum Asset Management, the British firm, has entered into a ten-year lease agreement at a price of £78.50 per ft2 with British Land to open its office at Marble Arch House in the West End of London.
Wells Fargo wealth management unit opens office in Houston
Wells Fargo & Co., an American financial services firm, has launched a new wealth management office in The Woodlands, in the Greater Houston area, US, to expand its business.
EBA consults on draft technical standards on the treatment of equity exposures under the IRB approach
The European Banking Authority (EBA) has launched a consultation on draft Regulatory Technical Standards (RTS) to specify the treatment of equity exposures under the internal ratings-based (IRB) approach.
UBS appoints general counsel for Wealth Management Americas division
UBS, the Swiss financial services giant, has appointed Michael Crowl as the general counsel of its Wealth Management Americas division.
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Old Mutual Global plans to launch new fixed income fund
Old Mutual Global Investors is planning to establish the Old Mutual Monthly Income High Yield Bond Fund by the summer of 2014.
TCW Group plans to raise $3bn through direct lending fund
TCW Group, an investment management company, is intending to raise $3bn through direct-lending fund, named TCW Direct Lending Fund VI, to expand its business by two-fold.
SIFMA finalizes model documents for compliance with municipal advisor rule
SIFMA has finalized its model documents and related guidance to help brokers, dealers and other financial institutions serve their clients and comply with the new regulatory requirements created by the SEC’s Municipal Advisor Rule.
Credit sector up, activist strategies down, China, Eastern Europe losses: eVestment
Aggregate hedge fund performance was slightly positive in April, but equity strategies, which have taken in the vast majority of investor flows in 2014, were negative for the second consecutive month, according to eVestment’s report.
Marret Asset Management to close high yield strategies fund
Marret Asset Management, specializing in fixed income and high-yield debt strategies, will close Marret High Yield Strategies Fund on 30 May 2014.