All articles by Verdict Staff
Verdict Staff
EFG Internationals CFO to assume additional role of deputy CEO
Swiss private banking group EFG International has said its CFO Giorgio Pradelli, will additionally assume the role of deputy CEO.
Close Brothers appoints new head of research
Close Brothers Asset Management has appointed Robert Alster as new head of research.
Is Indonesia the sweetheart of MINT countries?
James O’Neill recently came out with the MINT slogan, which has followed on from the BRICS that he issued back in 2001. While the countries that form the MINT (Mexico, Indonesia, Nigeria and Turkey) have been heavily scrutinised over the past couple of months Indonesia has shown tremendous growth in the number of millionaires and looks poised for foreign investment.
TriState Capital to acquire Chartwell Investment Partners
TriState Capital Holdings entered into a definitive asset-purchase agreement to acquire Chartwell Investment Partners, an investment management firm with over 150 institutional clients and approximately US$7.5 billion in assets under management.
UBS Global Asset Management raises GBP140 million to launch new fund
UBS Global Asset Management’s Global Real Estate (GRE) business has announced the launch of its new UBS Participating Real Estate Mortgage Fund (UBS-PREMF, the Fund), after raising GBP 140 million for the Fund’s Initial Close from three institutional investors, including Mitsubishi Corporation.
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Media mogul Richard Desmond sues GLG Partners over ‘incomprehensible’ investment
Media tycoon Richard Desmond has sued Man Group hedge-fund unit GLG Partners for as much as £20 million (US$33 million) over losses on an ‘incomprehensible’ investment.
China bars wealth managers from investing in pooled money-report
China Banking Regulatory Commission (CBRC) has reportedly banned wealth managers and trust companies from investing in pooled money to rein in shadow banking.
Ramius appoints new liquid alternative products head
Ramius, the global investment management business of Cowen Group, has appointed Bradley Sussman as managing director and head of its liquid alternative products.
Schroders announces launch of EURO Credit Conviction fund
Schroders has launched Schroder ISF1 EURO Credit Conviction, a new fund which aims to achieve a higher yield than core euro corporate bond funds by focusing on the ‘best ideas’ generated by the Schroders European and UK credit team’s proven investment approach.
LGIM strengthens asset allocation team
Legal & General Investment Management (LGIM) has expanded its asset allocation team by appointing Willem Klijnstra and Chris Jeffery as strategists.