All articles by Verdict Staff
Verdict Staff
Sovereign wealth fund assets surpass US$5 trillion
Sovereign funds globally have added over US$750 billion to their total assets under management over the last year, from US$4.62 trillion in 2012 to US$5.38 trillion in 2013, according to a research in the 2014 Preqin Sovereign Wealth Fund Review.
BNP Paribas appoints new CEO to Singapore office
BNP Paribas has made a new appointment to its Singapore office as part of its plans to expand its wealth management business in Asia.
Lincoln Financial Network enhances its investment platform by appointing industry pioneer
Lincoln Financial Network (LFN) is continuing to enhance its investment platform with today’s announcement of Gene Mulligan, one of the industry pioneers responsible for evolving the separately managed account business (SMA), being appointed Senior Vice President for Investment Products and Platform.
AXA Group signs up to new responsible investment policy
The AXA Group has committed its member insurance companies to better integrating environmental, social and governance (ESG) criteria into their investment decisions and has also signed the so-called UN Principles for Responsible Investment (UN PRI).
Fidelity launches new Access programme for fund management groups
Fidelity Worldwide Investment has unveiled details of a new fund partnership programme, Access, which will offer a new range of services for its fund managers in return for the best terms.
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Orso Capital Management to launch new equity hedge fund
Orso Capital Management is planning to launch the Quadrant Plus Partners Strategy, an equity hedge fund that seeks long-term growth.
State Street Global Advisors launches SPDR SSgA Ultra Short Term Bond ETF
State Street Global Advisors (SSgA), the asset management arm of State Street Corporation, has launched the SPDR SSgA Ultra Short Term Bond ETF.
State Street appoints Asia Pacific client relationship management head for AIS group
State Street Corporation has appointed Eric Chow as the Asia-Pacific head of client relationship management for the alternative investment solutions group (AIS) group, with immediate effect.
Westpac agrees to buy Lloyds Banking Groups select businesses in Australia
Westpac has agreed to buy Lloyds Banking Group’s Australian asset finance business, CFAL, and its corporate loan portfolio, BOSI, for US$1.45 billion.
More than half of IFAs will move over 70% of all clients’ assets onto platform within the next 2 years: Legacy Asset
More than half (53%) of IFAs plan to migrate more than 70% of clients’ assets onto wrap platforms, according to a survey conducted in July 2013 by Legacy Asset Systems (LAS), as the legacy asset (onto platform) migration boom gets underway.