All articles by Verdict Staff

Verdict Staff

HSBC GAM hires new manager for global fixed income team

HSBC Global Asset Management (GAM) USA has hired Mary Bowers as its new senior global high yield fund manager for its global fixed income team that is based in New York and manages around US$3 billion in the high yield capacity.

BNP Paribas Securities Services launches online reporting for PERE fund managers

BNP Paribas Securities Services has said that it will begin delivering real-time fund administration data to its private equity and real estate (PERE) fund manager clients through online reporting.

High income investors are worried about their current financial situation: Spectrem study

Almost 60% of high income investors were concerned over the financial situation of their children and grandchildren, while only 32% said they had concern about financing the education of their children, according to the Spectrem study.

Sheridan Financial Consulting acquires Wealth and Trustee Management

Crewe-based Jones Sheridan Financial Consulting has acquired Congleton-based Wealth and Trustee Management, the latest in a string of UK acquisitions, according to IFAonline.

One in four investors do not have a financial plan: Nationwide Financial survey

Nationwide Funds reported that its in-depth investor sentiment survey conducted by Harris Interactive, titled “Fear of Financial Planning,” finds that 26% of potential investors do not have a financial plan.

Cofunds scraps £40 annual fixed platform charge on explicit pricing model

Cofunds has scrapped its annual £40 fixed platform charge for clients using its explicit pricing model, following its acquisition by Legal & General.

Julius Baer asks German clients to come clean with tax authorities

Swiss private bank Julius Baer has asked its German clients with undeclared funds to come clean with their tax authorities.

Global regulatory landscape putting ‘big squeeze’ on boutique asset managers: TABB study

Over two-thirds of the global boutique asset managers are overwhelmed by increasing regulatory requirements and the industry’s ‘institutionalism,’ which has led to higher hurdles for raising assets and rising cost-to-income ratios, according to a recent survey conducted by TABB Group.

Natixis Global Asset Management launches ASG Tactical US market fund

Natixis Global Asset Management (NGAM) has launched the ASG Tactical US Market Fund (USMAX), a new equity mutual fund from AlphaSimplex Group (ASG).

Kinetic Partners offers background checks on fund managers

Kinetic Partners is now offering a global background checking service to compliment their investor led fund, fund manager & service provider operational due diligence (ODD) services.