All articles by Verdict Staff
Verdict Staff
Providence acquires Fund Corporation to foray into fund administration
Providence Financial, the Brazil-based emerging markets firm, has entered into an agreement with Fund Corporation to acquire the company to mark its foray into fund administration industry in Guernsey.
UBS sued over risky Puerto Rico bond funds
Switzerland-based UBS is facing a lawsuit by older investors who accused the bank for misguiding them into investing in mutual funds that hugely invested in Puerto Rico bonds, which busted later, forcing them to sustain heavy losses.
FINRA fines Morgan Stanley Smith Barney $5,000,000 for supervisory failures related to sales of shares in 83 initial public offerings to retail customers
The Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley Smith Barney $5,000,000 for supervisory failures related to the solicitation of retail customers to invest in initial public offerings (IPOs).
Northern Trust gains $13bn in assets during fiscal ended March 2014
Northern Trust Asset Management has gained assets worth $13bn from 19 new clients over the fiscal year ended 31 March 2014 through its outsourced chief investment officer (OCIO) services.
Avison Young appointed asset manager of German real estate property
Avison Young, a real estate services company, is set to be the asset manager of a mixed-use complex at Luxemburger Strasse/Barbarossaplatz in Cologne, Germany, after it advised two Canadian pension funds in the acquisition and financing of the complex.
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J O Hambro Capital Management chooses Advisers Investment Trust
London-based asset manager J O Hambro Capital Management (JOHCM) has joined hands with the Advisers Investment Trust for its US mutual fund products.
Transamerica introduces sixth mutual fund for mid-cap markets
Transamerica, an American private holding company, has extended its mutual fund business with the launch of its sixth new fund, Transamerica Mid Cap Value Opportunities (MCVAX, MCVCX, MVTIX), in 2014.
Prestige Wealth Management introduces family wealth planning services
Prestige Wealth Management Group has introduced family wealth planning services under its portfolio of services for financial planning in New Jersey.
3D Asset Management partners with Newfound Research to launch game-changing PrudentPath Target date portfolio series
3D Asset Management has partnered with Newfound Research to offer the 3D/Newfound PrudentPath Target Date Portfolio Series, a suite of target-date portfolios utilizing Exchange Traded Funds for defined contribution plan sponsors that combine 3D’s strategic approach to target date investing with Newfound’s rules-based tactical approach.
PREI hires MD and head of Americas Investment Research
Prudential Real Estate Investors has named Lee Menifee a managing director and head of Americas investment research, the company announced.