All articles by Verdict Staff
Verdict Staff
AllianceBernstein appoints new alternatives product management head
AllianceBernstein, a US-based investment management firm, has appointed Christine Johnson as its new senior vice president and head of alternatives product management.
Securityholders approves establishment of fixed rate administration fee for certain mutual funds
Canoe Financial has announced that securityholders have approved proposals to establish a fixed rate administration fee for certain of its mutual funds, to amend the redemption rights for certain of its mutual funds and to amend the language in the investment objectives of EnerVest Natural Resource Fund, at special meetings held on December 17, 2013.
Advisers’ investment trust purchases on platforms up 66%
A report commissioned by the Association of Investment Companies (AIC) using Matrix Solutions’ Financial Clarity shows a 66% increase in adviser and wealth manager investment company platform purchases in the first nine months of 2013 post RDR in comparison to the same period in 2012.
Ultimus to launch WST Asset Managers US Equity Fund
Ultimus Fund Solutions, a provider of mutual fund services to the financial industry, has agreed to launch Wilbanks Smith & Thomas Asset Manager’s US Equity Fund.
Aberdeen Asset Management appoints new head of Americas
Aberdeen Asset Management has appointed David Steyn as head of Americas effective January 2014, replacing Gary Marshall, who will return to the UK after four years.
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Guernsey adds 33 new funds in Q3 2013
The net asset value of total funds under management and administration has decreased in Sterling terms over the quarter ended 30 September 2013 by £19 billion (-6.6%) to £267 billion, according to the statistics released by Guernsey Financial Services Commission.
European Banking authority publishes final draft technical standards on market risk
The European Banking Authority (EBA) has published the final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) related to market risk.
HUB24 launches white label investment platform offering for TFS
HUB24, an Australia-based independent platform provider, has unveiled a new white label investment platform offering for financial planning group Total Financial Solutions (TFS), a wholly owned subsidiary of CountPlus.
IFG Group chief executive resigns
Financial services firm IFG Group has said that Mark Bourke will be stepping down as CEO in April 2014, to take up an external role.
WisdomTree launches six new rising rates bond ETF’s
WisdomTree, an exchange traded fund provider and asset manager, has expanded its rising rates ETF solution range by launching six new funds on the Nasdaq exchange.