All articles by Verdict Staff
Verdict Staff
Morningstar reports hedge fund performance for September, asset flows through August
Morningstar, a leading provider of independent investment research, reported preliminary hedge fund performance for September 2013 as well as estimated asset flows through August.
Investec launches new wealth management unit in Guernsey
UK-based Investec has launched a new wealth management unit in Guernsey in a move to offer investment management services to local and international individuals, families and locally based financial services businesses, businesslife.co has reported.
Strate, Clearstream launch collateral management service in South Africa
Strate, Africa’s leading Central Securities Depository (CSD), and Clearstream, the International CSD (ICSD) and national CSD that is part of Deutsche Börse Group, have launched a centralised collateral management service for the South African financial market.
World Bank opens Islamic finance centre in Istanbul
World Bank Group has opened the Global Center for Islamic Finance in Istanbul that will focus on enhancing the partnership between the bank Group and Turkey.
Boost ETP launches first short and leveraged ETPs tracking FTSE MIB indices
FTSE, the global index provider, has granted a licence to Boost ETP to launch a new range of ETPs based on its FTSE MIB Leveraged and Short indices.
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Commercial Bank & Trust of PA opens new asset management office in Ligonier
Commercial Bank & Trust of PA has opened a new Asset Management & Trust Division office in Ligonier, Pennsylvania.
UniCredit CEE Private Banking teams up with research firm Morningstar
Italys UniCredit CEE Private Banking has teamed up with the investment research firm Morningstar to help support the financial education provided to the bank’s clients.
Neuberger Bremen launches new multi-strategy fund
US investment management firm Neuberger Bremen has launched a new Absolute Return Multi-Strategy Fund (ARMS) that offers low market exposure to hedge fund strategies through an Ucits vehicle.
North Street Global Fund enters Q4 adding six new alternative asset fund clients
North Street Global Fund Services, an alternative asset fund administrator, added six new hedge fund clients going into the fourth quarter of 2013 amidst an achievement of a milestone in the industry.
CTA performance in the red for a fifth consecutive month: Preqin
Preqin’s Hedge Fund Analyst database reveals that CTAs posted negative returns for the fifth month in a row in September, bringing the strategy’s year-to-date performance to -2.45%. Over the last 12 months, CTAs have produced average net returns of -3.77%.