All articles by Verdict Staff
Verdict Staff
Distribution overtakes regulation as a priority as asset managers set their sights on growth: EY
Changes to the asset management operating model are now being driven by the expansion of distribution channels and the development of new products, as managers gear up for growth and position themselves to capture new inflows, according to Managing Complexity and Change in a New Landscape, EY’s global asset management investment operations survey.
Credit Suisse plans 500 job cuts
Credit Suisse is planning to cut up to 500 jobs at its private bank as part of a multi-billion euro cost saving effort, according to media reports.
Osmosis partners Calvert Investments to introduce MoRE into US
UK-based Osmosis Investment Management has partnered with US-based Calvert Investments to introduce the Model of Resource Efficiency (MoRE) into the US market place.
Bloomberg to provide subscribers with Markit’s PMI indicators
Bloomberg has entered into a distribution agreement to integrate Markit’s Purchasing Managers’ Index (PMI) data into the Bloomberg Professional service.
Volcker rule may cost US banks nearly US$4.3 billion, says OCC
The US Office of the Comptroller of the Currency (OCC) has said that the Volcker rule will cost the national banks up to US$4.3 billion.
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A third of all hedge fund managers changed service providers in 2013: Preqin
Preqin’s global survey of over 100 hedge fund managers in December 2013 showed that managers have frequently changed the service providers working on their funds, including fund administrators, prime brokers, custodians, auditors and law firms.
Capital markets fuel economic growth: AIMA
Capital markets are significant drivers of economic growth and increasing their size could compensate for the post-financial crisis decline in bank lending, according to a research by two leading academics commissioned by AIMA, the global hedge fund industry association.
Rowan Dartington expands investment team in London
Rowan Dartington, a UK-based discretionary wealth manager, has expanded its investment team in London by hiring Andrew McCulloch as new investment manager.
All big US banks except Zions Bancorp pass Fed’s annual stress test
All the major US banks except for Zions Bancorp have passed the Federal Reserves annual stress test, which aim to show how banks would weather a financial collapse similar to the 2007-2009 crisis.
Newton Investment Management announces refocusing of investment structure
Newton Investment Management Limited (Newton), BNY Mellon’s global thematic investment boutique has announced a change to the lead portfolio manager role on two pooled vehicles: Newton Higher Income Fund and Newton Oriental Fund.