All articles by Verdict Staff

Verdict Staff

NorthStar Realty Finance to spin-off asset management business

The board of directors of NorthStar Realty Finance has approved a plan to spin-off its asset management business into a separate publicly traded company in the form of a tax-free distribution.

Commodity market decreased slightly in November – Credit Suisse report

Commodities were lower in November due to uncertainty regarding the future of US stimulus measures.

Brooks Macdonald unveils international managed portfolio service

Brooks Macdonald International has launched a new platform-based international managed portfolio service (MPS).

Salient Partners buys Teton Strategic Investments

Salient Partners, a US-based asset management firm, has purchased Teton Strategic Investments to offer selective private equity opportunities to high-net-worth clients.

UBS poaches two financial advisers from Bank of America Merrill Lynch

UBS Wealth Management Americas has reportedly hired a team of two financial advisers from Bank of America Merrill Lynch.

Five Taiwanese banks select Calastone for offshore fund execution

Landbank of Taiwan, Mega International Commercial Bank and Bank of Taipei have appointed Calastone for the execution of their offshore fund transactions via the Taiwan Depository Clearing Corporation (TDCC) fund order routing service.

Jersey’s Nautilus Group opens office in Mauritius

Nautilus Group, a Jersey-based independent trust company, has opened an office in Mauritius as part of growth strategy.

Ledgex Systems launches next generation of its portfolio management platform

Ledgex Systems, a provider of portfolio management solutions for fund of funds and multi-fund managers, has announced the next generation of the Ledgex portfolio management platform.

BNY Mellon launches new AIFMD regulatory reporting service for fund managers

BNY Mellon has launched a new service to enable fund managers identify, aggregate and manage the regulatory reporting requirements of the Alternative Investment Fund Manager’s Directive (AIFMD).

UK and Japanese equities to drive multi asset returns into 2014: Barings

Strong economic momentum in the UK and successful government reforms in Japan will drive equity growth in both markets in 2014, according to Baring Asset Management.