All articles by Verdict Staff
Verdict Staff
AIG to sell Indian asset management business to Brookfield AM
AIG Global Real Estate has agreed to sell its asset management business in India to Brookfield Asset Management following the closure of the New York-based private equity fund of AIG in the region.
Funded status of plans continued their upward march in fourth quarter of 2013: UBS
The fourth quarter of 2013 saw the funding ratio of the typical corporate US pension plan rise by about three percentage points to 95%, according to the UBS Global Asset Management US Pension Fund Fitness Tracker.
Close Brothers AM appoints new investment director
Close Brothers Asset Management has appointed Seton Craven as an investment director of its bespoke investment management team.
HDFC Mutual Fund to purchase Morgan Stanley MF in India
HDFC Mutual Fund is to acquire all the schemes of Morgan Stanley MF in India.
SEC charges brokerage firm for ignoring red flags in soft dollar scheme
The Securities and Exchange Commission has announced sanctions against a New York-based brokerage firm for ignoring red flags and paying more than US$400,000 in soft dollars for expenses that an investment adviser had not properly disclosed to clients.
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DFSA signs agreements with Italian regulators
The Dubai Financial Services Authority (DFSA) entered into two important agreements with the Commissione Nazionale per le Società e la Borsa (Italian Securities and Exchange Commission) or CONSOB and Bank d’Italia (Bank of Italy), in Rome.
Essel Financial plans to launch US$100 million Shariah fund
Essel Financial Services, an India-based diversified financial services company, is planning to launch a Shariah fund for foreign investors in real estate with a corpus of US$100 million or INR6.2 billion.
LPL Financial adds Owenby Jones to broker-dealer network
LPL Financial has added Owenby Jones Wealth Management to its broker-dealer and corporate RIA custodial platforms.
Viridian Investment Management appoints new senior vice president
US-based Viridian Investment Management has appointed Jameson Shin as its new senior vice president and portfolio manager.
TSE, SITCA, TSC plan to launch commodity ETFs
The Taiwan Stock Exchange (TSE), Securities Investment Trust & Consulting Association (SITCA) and the Taiwan Securities Association (TSC) plan to launch commodity exchange-traded funds (ETFs) in the first half of 2014.