All articles by Verdict Staff
Verdict Staff
Italian bankers step up efforts to develop Islamic finance
Growing economic ties between Italy and Gulf countries has led to Italian bankers and academics stepping up efforts to develop Islamic finance in the country, according to a Reuters report.
IMA sets out recommendations on use of dealing commission for the purchase of investment research
The Investment Management Association (IMA) has published its report: “The Use of Dealing Commission for the Purchase of Investment Research” which reviews the benefits and challenges of the current model and looks beyond the UK rules to consider the impact of change.
Newton Capital Management appoints new head of North America
Newton Capital Management, part of BNY Mellon, has named Jim Wylie as new head of North America.
Direxion launches Synthetic Convertible Security Strategies
Direxion has expanded its suite of tradable mutual funds by launching the Direxion Indexed Synthetic Convertible Strategy Fund (DXCBX) and Direxion Indexed Synthetic Convertible Strategy Bear Fund (DXCVX), offering investors access to the risk/return characteristics of the convertible bond asset class through a synthetic approach that can potentially help alleviate liquidity, transparency and capacity issues that are characteristic of some traditional convertible bonds.
TMF Group to take full control of Custom House Global Fund Services
TMF Group has agreed to take the full of control of Custom House Global Fund Services by purchasing the remaining 49% stake in the firm.
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ASX partners with Bank of China to offer new RMB settlement service
Australian Securities Exchange (ASX) has signed an agreement with Bank of China to offer Renminbi (RMB) settlement service to the Australian and Chinese financial markets by the middle of the year.
IBKC agrees to acquire First Private Holdings
IBERIABANK (IBKC), holding company of IBERIABANK, and First Private Holdings, holding company of First Private Bank of Texas, have inked a definitive agreement for IBKC to acquire First Private via merger.
Hedge funds start 2014 in the red: Preqin
Hedge funds made a loss of 0.17% in January 2014, the benchmark’s first month in negative territory since August 2013, according to Preqin’s Hedge Fund Analyst.
Deutsche Bank releases 2014 Alternative Investment Survey
Deutsche Bank has released its twelfth annual Alternative Investor Survey, which stands as one of the largest and longest standing hedge fund investor surveys available.
Credit Suisse revises bonuses schemes for top staff
Credit Suisse has offered a new bonus scheme to transfer risk from the bank to employees following an intervention by regulators.