All articles by Verdict Staff
Verdict Staff
BNY Mellon appointed trustee and portfolio administrator on Avoca Capital CLO X
BNY Mellon, the global leader in investment management and investment services, has been appointed trustee and portfolio administrator on Avoca Capital CLO X Limited, a 311 million collateralised loan obligation (CLO).
Prudential Investments launches new MLP fund
Prudential Investments, a mutual fund business of Prudential Financial, has launched the Prudential Jennison MLP Fund that allows the investors to invest in master limited partnerships.
KAMCO receives approval to launch new real estate yield fund in Kuwait
KIPCO Asset Management Company (KAMCO) has received approval from Kuwaits Capital Markets Authority to launch KAMCO Real Estate Yield Fund (KREYF).
City Financial selects SunGards APT for holistic risk management
City Financial, a growing London based independent fund manager with experienced teams investing across a range of strategies for retail and institutional clients, has chosen SunGard’s APT for its investment risk reporting.
Fidelity Investments unveils event driven mutual funds
Fidelity Investments has unveiled its first event driven mutual funds, called Fidelity Event Driven Opportunities Fund (FARNX) and Fidelity Advisor Event Driven Opportunities Fund (FCHSX), for individual investors and financial advisors.
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Invesco Perpetual appoints new head of UK smaller companies
Invesco Perpetual has promoted Jonathan Brown as head of UK smaller companies replacing Richard Smith, who will retire from fund management in 2014.
Valartis decides not to participate in US tax programme for time being
Switzerland-based Valartis Bank has decided not to participate in the US tax programme for Swiss Banks for the time being.
Dubai to establish new centre to boost Islamic finance
Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of UAE, has issued a decree to set up the Dubai Islamic Economy Development Centre as part of the its efforts to become a global Islamic finance hub.
Liquid Holdings debuts portfolio and risk simulation for emerging hedge fund managers
Liquid Holdings Group has announced a new “simulator” program that allows emerging hedge fund managers to beta test their fund strategies on the Liquid OERMS platform under the guidance of Liquid’s Solutions Specialists.
Altegris appoints new CEO
Altegris, a US-based provider of alternative investments, has appointed Jack Rivkin as new chief investment officer replacing Allen Cheng, who will remain a portfolio manager.