All articles by Verdict Staff
Verdict Staff
Hedge Funds launched by first-time managers offer potential for greater returns: Preqin
The average emerging manager long/short fund launched since 2007 delivered annualized net returns of 8.80% in its first three years of trading, compared to an annual rate of 5.38% from newly-launched funds managed by established firms, according to a study by Preqin.
Colombia emerges as the wealth hub of Latin America
This press release is part of a series of annual updates on major markets for 2012/2013. It follows on from WealthInsight’s report on Colombia, entitled: Colombia 2013 Wealth Book
European institutional investors concerned about dark pools proposals: TABB
As politicians look to finalize regulation on dark trading in Europe, their main objective has been to increase transparency, but the latest proposals to restrict dark trading at 4 and 8% have the potential to inadvertently create greater opacity as well as seriously impact institutional investors’ ability to execute order flow, according to a new research from TABB Group Europe.
Morningstar Investment Management Europe names new managing director
Morningstar Investment Management has named Simon Ewan as managing director for operations in the UK, Europe, Middle East and Africa.
Pension reforms on track but the challenges of adequacy and inequality in old age remain: OECD
Recent reforms of pension systems have helped to contain the rise in future costs resulting from ageing populations and increasing life expectancy, according to a new OECD report.
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Scotland to have own financial regulators
Scotland will set up its own financial regulators after its independence to oversee conduct and behavior issues in local markets.
VP Bank Group outlays new management and personnel structure
As part of its efforts to orient the organisation toward changing economic and market conditions, the Board of Directors of VP Bank Group has taken a number of decisions regarding management and personnel.
Harrington Cooper expands discretionary sales team
Harrington Cooper, a UK-based fund distribution company, has appointed Henry Foster as new as sales manager to focus on discretionary management sales.
Tribunal upholds UK FCA fine on firm for misselling complex investments
The Upper Tribunal (Tribunal) has upheld the decision of the Financial Conduct Authority (FCA) to fine Scottish firm Westwood Independent Financial Planners (Westwood) £100,000 for communications and suitability failings in relation to geared traded endowment policies (GTEPs).
CIMB Wealth Advisors launches Star Club for HNW investors
CIMB Wealth Advisors (CWA), a Malaysian subsidiary of CIMB-Principal Asset Management, has launched Star Club, an exclusive membership that offers a host of financial benefits and lifestyle privileges to high-net-worth (HNW) investors.