All articles by Verdict Staff
Verdict Staff
Old Mutual plans IPO for US asset management unit-report
Old Mutual is reportedly planning to hold an initial public offering for its US asset management unit this year.
Emerging markets hedge funds fall as regional volatility soars: HFR
Hedge funds investing in Latin America and Eastern Europe experienced sharp losses to begin 2014 even as the funds saw strong capital inflows from investors to start the year, according to the HFR Emerging Markets Hedge Fund Industry report, released by HFR.
RBS to slash US assets in response to new Federal Reserve rules – report
Royal Bank of Scotland (RBS) is reportedly planning to slash the assets by more than halve in its broker-dealer operation in US in response to new rules from the Federal Reserve, the Financial Times has reported.
Old Mutual Wealth registers 11% rise in 2013 profit
Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, has reported IFRS adjusted operating profit £217 million for 2013, an increase of 11% compared with£195 million in 2012.
Old Mutual wealth division posts 11% rise in annual profit
Old Mutuals wealth management division, which combines financial advice, investment solutions and asset management, has reported a profit of £217 million for the year 2013, an increase of 11% compared to a year ago.
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John Hancock appoints two portfolio managers at Epoch Investment Partners
John Hancock Advisers, investment advisor to John Hancock Tax-Advantaged Global Shareholder Yield Fund, has announced the addition of two new members to the portfolio management team at Epoch Investment Partners.
Jupiter exploring alternatives for wealth arm report
Jupiter is ‘exploring’ options for its wealth business, the firms chief executive Edward Bonham Carter told Wealth Manager.
BOK Financial completes acquisition of GTRUST Financial
BOK Financial Corporation has completed the acquisition of GTRUST Financial Corporation by its bank subsidiary, BOKF on 1 March 2014.
Portal Financial plans to launch new wealth management brand for HNW clients
Portal Financial is planning to launch a new wealth management brand for high-net-worth (HNW) clients in a bid to expand its presence in the market.
Janus unveils new multi-sector income fund
Janus Capital Group has unveiled its new Janus Multi-Sector Income Fund (JMUTX) that seeks to identify income-generating opportunities across fixed income sectors.