All articles by Verdict Staff
Verdict Staff
SEC charges GLG Partners for internal controls failures
The Securities and Exchange Commission (SEC) of US has charged a London-based hedge fund adviser and its former US-based holding company with internal controls failures that led to the overvaluation of a funds assets and inflated fee revenue for the firms.
French private investors acquire German asset manager KGAL
Two French private investors Francis Louvard and Gregory Ingram have agreed to acquire 90% shares in German real estate asset manager KGAL from its shareholders including, Bayerische Landesbank, Commerzbank, HASPA Finanzholding and Sal Oppenheim.
Vanguard launches new global minimum volatility fund
Vanguard has launched a new actively managed global minimum volatility fund, the Vanguard Global Minimum Volatility Fund.
iShares to launch three interest-rate-hedged ETFs
iShares, the exchange-traded fund (ETF) business of BlackRock, is planning to launch three interest-rate-hedged ETFs for investors worried about rising interest rates.
Eastspring Investments appoints Singapore CEO
Eastspring Investments, the asset management arm of Prudential Corporation Asia, has hired Jackie Chew as chief executive officer for its Singapore business.
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Financial Simplicity unveils new customer engagement solution
Financial Simplicity, an Australia-based provider of customer engagement solutions to the wealth management industry, has unveiled the front-end interface of its new simplicity solution suite.
Manulife Asset Management expands Portfolio Specialist team
Manulife Asset Management has hired Michelle Ng as managing director and portfolio specialist responsible for asset allocation strategies. This is a newly created role.
LLBH Private Wealth Management appoints new partner
LLBH Private Wealth Management, a US-based wealth management firm with over US$1.3 billion in client assets, has promoted Michael Kazakewich as its partner.
Three more Swiss banks agree to participate in US tax probe
Swiss banks Migros Bank, Bank Coop and Linth Bank have also agreed to participate in US tax probe brokered by the Swiss and US governments.
Total municipal bond issuance to decline in 2014: SIFMA survey
The total municipal bond issuance, both short- and long-term, will reach $349.5 billion in 2014, down from $366.1 billion estimated issuance in 2013, according to SIFMAs latest 2014 Municipal Bond Issuance survey.