All articles by Verdict Staff
Verdict Staff
Asia-Pacific’s wealthiest pile into direct investments: Survey
Asia-Pacific’s wealthiest investors are moving much more of their money into direct investment opportunities and away from capital markets as they see greater opportunities in other businesses and real estate rather than equity and bond markets, according to the second annual UBS/Campden Wealth Asia-Pacific Family Offices Survey.
Rabobank set to pay US$1 billion to settle Libor rate-fixing allegations
Dutch lender Rabobank Groep is set to pay nearly US$1 billion to settle allegations that it helped manipulate the Libor and other benchmark interbank lending rates.
Schroders further expands Insurance Asset Management team
Schroders has appointed David Thompson who has joined Schroders Insurance Asset Management team as a Client Director responsible for relationship development.
Knight Frank Wealth Report Survey 2014
Private Banker International is working closely with Knight Frank on the compilation of the Wealth Report 2014 Attitudes Survey. This is the largest global wealth survey aimed at wealth professionals.
Prudential Fixed Income to manage new US$516 million CLO
Prudential Fixed Income has been appointed as the collateral manager for the Dryden 30 Senior Loan Fund, a recently closed US$516.4 million collateralized loan obligation.
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Mirabaud launches new strategic bond fund
UK-based Mirabaud Asset Management has launched Global Strategic Bond Fund, with assets in excess of US$100 million.
KKR to purchase European credit investment manager Avoca Capital
American private equity firm KKR & Co. is set to buy Avoca Capital, a European credit investment manager with approximately US$8 billion in assets under management.
ING plans to sell 11.5% stake in US business
Dutch financial institution ING Group is planning to sell 11.5% stake or around 30 million shares of common stock in its US-based retirement, investment and insurance subsidiary, ING US.
BNY Mellon launches Global Payments Disclosure Solution 2.0 upgrade
BNY Mellon, the global leader in investment management and investment services, has launched a 2.0 upgrade to the Global Payments Disclosure Solution being provided by its Treasury Services business to client banks.
Former UBS wealth management chief Raoul Weil held in Italy
Swiss asset manager Raoul Weil, who is wanted in the US for helping UBS clients evade taxes, has been arrested from a hotel in Bologna, Italy, while on a holiday.