All articles by Verdict Staff
Verdict Staff
Nearly 53% surge in advisor investment company platform purchases post RDR: AIC study
After much speculation about the impact of RDR, investment company purchases on platforms by advisors and wealth managers surged by 53% in the first six months of 2013 in comparison to the same period in 2012, according to a report published by the Association of Investment Companies (AIC).
SGX and Shanghai Futures Exchange to collaborate on commodity derivatives
Singapore Exchange (SGX) and the Shanghai Futures Exchange are cooperating in the development of the commodity derivatives markets in both China and Singapore.
Alcova Asset Management selects Northern Trust for hedge fund servicing
UK-based Alcova Asset Management has selected Northern Trusts Hedge Fund Services to offer administrative and middle-office outsourcing services to its equity market-neutral fund.
Swiss regulator fines three private banks for mishandling of Tunisian accounts
Swiss financial regulator FINMA has asked HSBC Private Bank, Union Bancaire Privee (UBP) and EFG Bank to pay thousands of Swiss francs for mishandling the money of confidants of the ousted Tunisian President Zine al-Abidine Ben Ali.
Mattioli Woods offers new structured product in conjunction with Morgan Stanley
Mattioli Woods is introducing a structured product investment opportunity with the launch of a six week plan in conjunction with Morgan Stanley.
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SuperIQ buys Tranzacts SMSF administration business
Australia-based SuperIQ has acquired the self-managed super fund (SMSF) administration business of Brisbane based Tranzact.
SAC Capital to pay over US$1 billion to settle criminal insider trading case
SAC Capital Advisors, a Connecticut-based hedge funds company, is close to settle a deal with the US federal prosecutors, under which it will pay over US$1 billion to settle the criminal insider trading case imposed on the firm.
GAM Holding total AuM remains flat in Q3
Zurich-based money manager GAM Holding has reported total assets under management (AuM) across investment management and private labelling of CHF116.6 billion in the third quarter ended 30 June 2013, as against the same figures in corresponding period in 2012.
GLG Partners launches hedge fund modelled after its European equity pool
GLG Partners, a London-based wholly owned subsidiary of Man Group, has launched a new hedge fund that will trade the stocks of global companies.
Credit Suisse announces the launch of the first ever LGBT Equality Index
Credit Suisse has launched the Credit Suisse LGBT Equality Index, the first index to track the equity performance of companies with LGBT (lesbian, gay, bisexual and transgender) friendly policies.