All articles by Verdict Staff
Verdict Staff
Fidelity launches new fund for HNW clients
Fidelity has launched a new fund of funds investing in lesser-known portfolios as an exclusive offering for its high-net-worth (HNW) direct clients, according to Investment Week.
Vontobel looking to buy multi-asset investment boutique in UK
Swiss wealth manager Vontobel is hunting the UK market to acquire a multi-asset investment boutique to replicate success of Gars, a Standard Life’s multi-asset fund.
Aberdeen Asset Management opens new office in Madrid
Aberdeen Asset Management has opened a new office in Madrid and appointed Álvaro Antón Luna and Ana Guzmán Quintana as senior business development managers, in a bid to grow its Spanish investor base.
US fund management industry more profitable than Europe: Fitch study
US fund management industry is far more profitable than that of the Europe, despite charging most investors less fees, according to a report published by Fitch Ratings.
Fitch takes various rating actions on enhanced municipal bonds and TOBs
Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds.
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City Financial’s head of UK asset management to depart
City Financial’s head of UK asset management, Ed Rosengarten, is set to leave the firm to pursue other opportunities.
Swiss regulator FINMA investigates banks over foreign exchange deals
Swiss financial regulator FINMA has started to investigate several Swiss financial institutions for possible manipulation of foreign-exchange markets, the latest probe into potential rigging of widely used market benchmarks.
Majority of Asian investors worry over Fed tapering, property bubbles: Fitch
Asian investors are concerned about reduced monetary easing by global central banks and its effect on credit conditions across Asia-Pacific (APAC), according to Fitch Ratings’ first regional cross-sector investor survey.
Morgan Stanley hires former Merrill Lynch adviser for Graystone Consulting
Graystone Consulting, a business of Morgan Stanley, has hired Merrill Lynch adviser Garry Bridgeman as an executive director, financial advisor and institutional consulting director at its wealth management office in Atlanta.
Global bond yields could take another three years to normalize, says New Zealand wealth fund head
Global equity prices outside Europe are approaching true value however fixed income yields, even though rising, might take another three years to reach a normal level, according to Adrian Orr, head of New Zealand’s sovereign wealth fund.