All articles by Verdict Staff
Verdict Staff
Envestnet | PMC launches new series of beta portfolios
Envestnet has announced that Envestnet|PMC, its portfolio consulting group, has launched the Quantitative Portfolios, a series of separately managed account portfolios that leverage Envestnet | Tamarac’s tax managed indexing technology to track an underlying index.
Global AuM to touch $102 trillion by 2020, says PwC
Global assets under management (AuM) is forecasted to increase to about $102 trillion by 2020 compared to total of $64 trillion in 2012, according to a new report from PricewaterhouseCoopers (PwC).
Standard Chartered Renminbi Globalisation Index up 5.9% in December
Standard Chartered has announced that the Standard Chartered Renminbi Globalisation Index, or the RGI, ended 2013 on a high note at 1,377 in December, up 5.9% from the previous month and 84.1% year-on-year, driven by rising deposits and cross-border payments.
Swiss voters back immigration limit
About half of the Swiss voters have voted in favour of restricing immigarion in the country despite the governments warning that the move could affect economy and relationship with the European Union (EU).
Systemic market and political risks are biggest concerns for 2014: BNY Mellon
Systemic market and political risk, followed by the uncertainty of new financial regulation, are the top issues named by companies as impacting global market confidence, according to the annual investor relations (IR) survey conducted by BNY Mellon.
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Arcanum receives FCA approval to launch discretionary business
Arcanum Asset Management, which specialises in options trading, has received approval from UK regulator FCA to manage client money on a discretionary basis.
Ex-UBS banker to plead guilty in US tax evasion case
Martin Lack, a former senior UBS private banker, has agreed to plead guilty in relation to a criminal indictment in 2001 for helping rich Americans to evade taxes.
Alipay to launch first long-term wealth-management product
Chinese online payment provider Alipay is planning to launch its first long-term wealth-management product, marking its move into internet finance area.
Towers Watson names new global head of investment business
Towers Watson has appointed Chris Ford as global head of the company’s investment business, succeeding Carl Hess.
Monarch Wealth Strategies appoints new director of client relations
Santa Barbara-based Monarch Wealth Strategies has appointed Kimberly Horn as the director of client relations.