All articles by Verdict Staff
Verdict Staff
Treasury research report on asset managers rejected by mutual fund group ICI
Paul Schott Stevens, CEO Of US mutual fund group Investment Company Institute, has rejected the new US Treasury research report which suggest that it could create tougher regulation for asset managers.
BlackRock appoints new country head for Taiwan
American investment management firm BlackRock has named Leo Seewald as new country head for Taiwan reporting to Michael Marquardt, COO for Asia Pacific.
Schroders names new head of property
British multinational asset management company Schroders has named Duncan Owen as its new property head, succeeding William Hill with immediate effect.
HSBS’s global private banking division reports US$16 million pre-tax loss in Q3
HSBS’s global private banking division has reported pre-tax loss of US$16 million for the third quarter of 2013 compare with a pre-tax profit of US$252 million a year ago.
Mutual fund managers seek change in retail funds definition
Eight mutual fund managers have asked the US Securities and Exchange Commission (SEC) to change the definition of retail funds in the proposed rules laid for the industry.
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Saxo Bank to partner with UAE bank to attract wealthy customers
Denmark-based Saxo Bank is planning to partner with a UAE bank to launch a flagship trading product to exploit high-net-worth peoples desire to manage their wealth directly.
Standard Life hikes investment fees on unbundled funds
Standard Life has increased investment fees for a small range of funds which dont offer clean share classes.
Hedge fund compensation rises as hiring trends shift on record industry assets: HFR
Hedge fund industry compensation rose for the 3rd consecutive year, as trends of increased investor visibility, organizational transparency, increased reporting requirements and role evolution accelerated on record industry assets, according to the latest 2014 Glocap Hedge Fund Compensation Report released by Glocap and HFR.
ASSIF launches global Islamic finance association in UK
The Association of Sharia Scholars in Islamic Finance (ASSIF), a British-registered charity, is launching a self-regulating professional association that will not only develop training and professional conduct standards for gatekeepers of Islamic finance, but will address longstanding problem in the industry.
AXA Wealth launches new risk-rated passive range for its clients
AXA Wealth Specialist Products has launched a new series of risk-profiled passive portfolios to meet the requirements of clients looking for investment stability in times of market volatility in a cost-effective way.