All articles by Verdict Staff
Verdict Staff
UK asset management firms face compliance staff shortfall: PwC survey
A new PwC poll of major UK asset management firms reveals that 100% believe there is a lack of appropriately qualified compliance staff in the market.
Wolters Kluwer Financial Services adds securities lending functionality to GainsKeeper FundTax
Wolters Kluwer Financial Services has launched automated securities lending functionality for its GainsKeeper FundTax REIT solution.
Opus Fund, Markit team up to offer FATCA compliance solution
Opus Fund Services, a Bermuda-based fund administration company, has teamed up with Markit to offer a new solution for clients that is compliant with the Foreign Account Tax Compliance Act (FATCA).
Britain to launch Islamic share index on LSE
UK Prime Minister David Cameron is to launch a new Islamic Index on the London Stock Exchange (LSE) as a part of move to identify investment opportunities compliant with Islamic principles and to capitalise on strong growth in the sector.
Fidelity Investments forms strategic alliance with CAIS
Fidelity Investments has formed a strategic alliance with CAIS to provide its custodial clients access, education, oversight and execution to a wide range of alternative investment funds including hedge funds and private equity funds.
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SEC charges three firms with violating custody rule
The Securities and Exchange Commission has sanctioned three SEC-registered investment advisory firms for violating the ‘custody rule’ that requires them to meet certain standards when maintaining custody of their clients’ funds or securities.
Former UBS executives launch hedge-fund firm in UK
A new hedge-fund firm, Gemsstock, has been set up in the UK by former UBS Russia strategist Al Breach, former UBS’ joint venture trading head Charles Hill and UFG Asset Management managing partner Florian Fenner.
HMRC raises just £440 million this year from Swiss tax deal
The UKs HM Revenue & Customs (HMRC) has recovered just £440 million this year and £782 million in total from an exchange deal with Switzerland on UK tax avoidance, which was expected to be far less than the £3 billion.
Emerging markets, US corporate debt to be better fixed income performers through 2018: Standish
Emerging market debt and US corporate bonds are expected to be among the better performing fixed income segments through 2018, although asset returns are likely to be below historical averages over the next five years, according to the five-year outlook published by Standish Mellon Asset Management Company LLC, fixed income specialist for BNY Mellon.
Deutsche Asset & Wealth Management post 2% rise Q3 revenues
Deutsche Asset & Wealth Management (DeAWM) has reported net revenues of 1.3 billion (US$1.79 billion) for third quarter ended 30 September 2013, an increase of 29 million (US$39.94 million), or 2%, compared to the corresponding quarter of 2012.