All articles by Verdict Staff
Verdict Staff
Manulife Asset Management wins new fixed income mandate
Manulife Asset Management has been awarded a new fixed income mandate from a U.S. public fund and also given additional funding from an existing U.S. public pension fund client.
China’s Xinhu Zhongbao signs asset management deal with UBS subsidiary
Chinese property firm Xinhu Zhongbao has signed asset management deal with UBS SDIC Fund Management.
Regulators struggle to balance protection with growth : Kinetic Partners
Half of financial services professionals globally dont believe that any regulator has managed to strike the right balance between protecting investors and underpinning growth, according to a survey commissioned by Kinetic Partners.
US federal agencies issue final rules implementing Volcker Rule
Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Volcker Rule).
Endowments and foundations adapting to a new paradigm for investment management
Envestnet, a provider of integrated wealth management technology and services, has released a white paper discussing the evolving needs of foundation and endowment organizations, which have historically been underserved by traditional investment management consultants.
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RBS finance chief departs to join Santander UK
Royal Bank of Scotland (RBS) has said that its finance director Nathan Bostock has resigned after just 10 weeks in the role.
Hedge funds need atleast US$300 million in assets to break even: Citi study
New hedge fund needs at least US$300 million in assets just to break even a far cry from the pre-crisis days when managers could start with tens of millions, according to a survey by Citi.
Confluence launches new AIFMD reporting solution
Confluence, a US-based developer of technology solutions, has released a new solution to enable alternative investment fund managers meet the AIFMD reporting and regulatory requirements.
FOS upholds complaint against SJP for unsuitable Isa advice
UK’s Financial Ombudsman Service (FOS) has upheld a complaint against St Jamess Place for giving unsuitable advice to transfer an Isa from an existing provider to SJP.
Swiss bank Valiant agrees to participate in US tax probe
Swiss bank Valiant has said it would participate in US tax probe brokered by the Swiss and US governments because it could not say definitively that all its US clients paid their taxes.