All articles by Verdict Staff
Verdict Staff
Equities could benefit as global investors express optimism: Legg Mason
The vast majority (80.2%) of 4,320 affluent investors from 20 countries said they were optimistic about investments over the next twelve months, according to the new Legg Mason Global Investor report.
Equity Trustees to acquire ANZ Trustees for $150 million
Equity Trustees Limited (EQT) has agreed to acquire ANZ Trustees Limited from the Australia and New Zealand Banking Group for $150 million.
Hedge funds get US$24.3 billion in February: TrimTabs and BarclayHedge report
BarclayHedge and TrimTabs Investment Research reported that hedge funds received US$24.3 billion (1.1% of assets) in February, the highest monthly inflow in three years, building on an inflow of US$4.4 billion (0.2% of assets) in January.
APFA’s report on impact of RDR reveals 50/50 split in advised and non-advised sales
A new report on the impact of the RDR on the financial advice market, from the Association of Professional Financial Advisers (APFA), reveals that non-advised sales grew last year to account for half of all financial products sold.
Credit Suisse to create new asset management venture
Credit Suisse Group has partnered with Brazilian money manager Luis Stuhlberger to set up a new asset management venture under Stuhlbergers control.
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HFT Investment to launch new RMB money market fund in Hong Kong
HFT Investment Management is set to launch a new renminbi money market fund in Hong Kong later this month.
RBC sues three private wealth clients in Singapore
Royal Bank of Canada (RBC) has reportedly sued three private wealth clients in Singapore to recover money owed by customers after an October stock rout.
VCT sector raises £435.7 million in 2013/14 tax year: AIC
The Venture Capital Trust (VCT) sector raised £435.7m in the 2013/14 tax year (including enhanced share buy-backs), according to figures published by the Association of Investment Companies (AIC).
Benchmark Bank creates private wealth management division
US-based Benchmark Bank has established a new private wealth management subsidiary, which will be led by Wayne McCullough and Keith Beckman.
Prudential to launch a new emerging market fund of funds
Prudential is planning to launch a new emerging market fund of funds on 16 May 2014.