All articles by Verdict Staff
Verdict Staff
BofA Merrill Lynch teams up with Koris to launch new multi-asset fund
Bank of America Merrill Lynch has partnered with Koris International to launch a multi-asset fund, the Merrill Lynch Dynamic Capital Protection UCITS Fund, on the Merrill Lynch Investment Solutions (MLIS) UCITS platform.
Alliance Trust Savings to enhance platform proposition with GBST Composer solution
Alliance Trust Savings (ATS) has signed an agreement with Australian online trading technology provider GBST to enhance its platform proposition for new intermediated business.
Apex receive license to offer fund administration services in Abu Dhabi
Apex Fund Services (Abu Dhabi) has received a license from UAE Securities and Commodities Authority (ESCA) to offer fund administration services under new regulations.
Northill Capital appoints head of Americas distribution
Northill Capital [Northill] has appointed Ravi Thakur as Head of Americas Distribution, and the establishment of Northill’s US office in New York.
IOMA Group strengthens senior management team
IOMA Group, an Isle of Man-based wealth management firm, has strengthened its senior management team with two new hires.
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HSBC Global Asset Management India launches fund of funds scheme
HSBC Global Asset Management India has launched an open ended fund of funds scheme to invest into HSBC GIF Asia Pacific (Ex Japan) Equity High Dividend Fund.
Salamanca Group completes acquisition of Investec Trust Group
Salamanca Group has completed the acquisition of Investec Trust Group from Investec Bank after obtaining the necessary regulatory approvals.
CIBC Asset Management to provide US tax reporting statements for mutual fund investors
CIBC Asset Management will make reporting information available that will help US tax filers who own Canadian mutual funds receive more favourable US tax treatment.
deVere Group reaches US$10bn under advisement and 80,000 clients
deVere Group has reached a new record of funds under its advice and management and a new record number of clients, it has been revealed.
Exis Capital to shut down
Exis Capital Management, a New York-based hedge fund founded by Adam Sender in 1998, is planning to close its business as its fund lost by 5.1% in 2013.