All articles by Verdict Staff
Verdict Staff
SEC announces fraud charges against collateral manager of CDO
The Securities and Exchange Commission has filed charges against a Morristown, NJ-based investment advisory firm and its owner for misleading investors in a collateralized debt obligation (CDO) and breaching their fiduciary duties.
ACOLIN Fund Services takes on the representation for EU-AIF and non-EU AIF for the distribution to qualified Investors
According to the revised Collective Investments Schemes Act (CISA), ACOLIN now also takes on the representation for EU-AIF and non-EU AIF for the distribution to qualified Investors and partners up with Renovaré Global LLC, an independent consultancy, specializing in Risk and Operational Due Diligence of off-shore funds.
JPMorgan to pay US$13 billion to settle US probes
JPMorgan Chase & Co.s has entered into an agreement with the U.S. Department of Justice to pay US$13 billion to resolve probes into housing-bubble mortgage-backed securities and other home-loan related practices.
Temasek selects London office to explore investments in Africa
Temasek, a Singapore-based investment fund, plans to use its new London office as a platform to explore a series of investments in Africa.
ESMA consults on Technical Advice to the European Commission on procedural rules to impose fines
The European Securities and Markets Authority (ESMA) has launched a consultation on the Technical Advice it must provide to the European Commission on the procedural rules for imposing fines and periodic penalty payments on Trade Repositories.
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Schroders launches new GAIA Cat Bond fund on its UCITS platform
UK-based investment manager Schroders has unveiled a Global Alternative Investor Access (GAIA) Cat Bond fund on its UCITS platform to offer investors with better access to hedge funds.
Morgan Stanley Wealth Management profit rise in Q3
Morgan Stanley, a New York-based financial services firm providing investment banking, securities, investment management and wealth management services, has posted a profit of US$668 million in its Wealth Management business in the third quarter of 2013, compared to US$247 million in the same quarter in 2012.
Legg Mason funds available in Malta through Jesmond Mizzi Financial Advisors
Legg Mason Global Asset Management, a Baltimore-based asset management firm, has selected Jesmond Mizzi Financial Advisors as a local representative for its five new funds launched in Malta.
UK’s Financial Conduct Authority bans and fines two financial advisers after investors lose out
Two Surrey-based investments advisers have been fined a total of £885,000 and been banned by the Financial Conduct Authority (FCA) from holding any position at a financial firm.
Four custodians partner with BlackRock in ETF initiative
BNY Mellon, State Street, JP Morgan and HSBC have signed up for BlackRocks exchange-traded funds iShares to increase their use among UK institutional investors.