All articles by Verdict Staff
Verdict Staff
SEC charges, freezes assets of hedge fund advisory firm distributing falsified performance results
The Securities and Exchange Commission has announced fraud charges and an asset freeze against a New York-based investment advisory firm and two executives for distributing falsified performance results to prospective investors in two hedge funds they managed.
Henderson introduces SICAV version of its global equity income fund
London based Henderson Global Investors has launched a SICAV version of its £680m Global Equity Income Fund, which will be Luxembourg domiciled.
CFTC complaints against Banc de Binary to charge three affiliated corporate entities for CFTC ban violations
US Commodity Futures Trading Commission (CFTC) filed a civil Complaint in federal district court in Nevada against Banc de Binary, charging it with violating the CFTCs ban on off-exchange options trading by offering commodity option contracts to US customers for trading, as well as soliciting, accepting orders and funds, or confirming the execution of orders, from US customers.
America Capital launches $1.1bn private equity fund for lower middle market
American Capital, a financial services firm, has signed definitive agreements with a group of investors to institute a new private equity fund called American Capital Equity III (ACE III), worth $1.1bn.
Invesco adds three new funds to its portfolio
Invesco recently launched three new mutual funds for investors – Invesco Global Infrastructure Fund, Invesco Strategic Income Fund, and Invesco Strategic Real Return Fund.
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SEC charges investment adviser and president for fraudulently hiding account shortfall
The Securities and Exchange Commission announced fraud charges and an asset freeze against a Columbus, Ohio-based investment advisory firm and its president for repeatedly hiding a shortfall of more than $700,000 in client assets.
East Lodge Capital plans to raise $250m
East Lodge Capital Partners, a UK-based hedge fund, is planning to secure funds of $250m in assets under management (AUM) over the first three months of trading.
Countries commit to automatic exchange of information in tax matters: OECD
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange of information between jurisdictions.
Vicenda Asset Management launches new multi-asset fund
Swiss wealth management majors Felix and Roman Zulauf and Germany-based Universal-Investment has launched a multi-asset fund called Vicenda Multi Asset Opportunities Fund through their new investment boutique Vicenda Asset Management.
Towry raises £70m to fund expansion
Towry, a UK-based investment management company, has raised nearly £70m through a financial agreement to fund its expansion.