All articles by Verdict Staff
Verdict Staff
Chelsea Financial, Albemarle form JV to launch fund rating service
Chelsea Financial Services and Albemarle Street Partners have formed a new joint venture to launch fund rating service, targeting consumers as well as advisors, InvestmentWeek has reported.
Russell Emerging Markets Index reflects improvement in emerging markets equity performance
Although emerging markets have underperformed developed global equity markets thus far in 2013, the gap is narrowing, according to Russell Indexes.
Market Vectors Index Solutions expands bond index exposure
Market Vectors Index Solutions has launched the Market Vectors EM Aggregate Bond Index (MVEMAG) and four derived sub-indices.
JP Morgan fined US$920 million over ‘London Whale’ losses
American and British regulators have imposed a fine of US$920 million (£572 million) on JP Morgan Chase over the ‘London Whale’ derivatives scandal which led to the bank racking up US$6 billion in legal losses.
AGIFM to liquidate AllianzGI International & Premium Strategy Fund
Allianz Global Investors Fund Management (AGIFM) has said that the Board of Trustees of AllianzGI International & Premium Strategy Fund, a closed-end management investment company, approved a plan of liquidation and termination for the fund.
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US hedge fund industry grows by US$150 billion in 2013 so far: Preqin data
The US hedge fund industry has recovered faster and more strongly than other regions across the globe, and is currently enjoying significant growth in terms of assets under management, having already grown by $150bn in 2013 so far, according to a Preqin report.
US Growth renaissance presents investing opportunities: Charles Schwab research
For investors who missed out on the rebound in equities following the financial crisis in 2008 or for those who are underinvested in US stocks, opportunities may still exist according to a new whitepaper published by Charles Schwab.
Personal Finance Society appoints new president
The Personal Finance Society (PFS) has appointed David Ingram as its new president, succeeding Garry Hale, managing director of HK Wealth Managers.
SEC proposes rules for pay ratio disclosure
The US Securities and Exchange Commission (SEC) has voted 3-2 to propose a new rule that would require public companies to disclose the ratio of the compensation of its CEO to the median compensation of its employees.
KPMG bolsters alternative investments team in New York
KPMG, the US audit, tax and advisory firm, has hired Camille Asaro, Jay Freedman and Linda Grogan to its alternative investments team, focusing on hedge funds, private equity firms and real estate funds in New York.