All articles by Verdict Staff
Verdict Staff
Brewins Dolphin, Brooks McDonald and Quilter Cheviot sign up to new DFM tool
Wealth firms Brewin Dolphin, Brooks McDonald, Quilter Cheviot Investment Management and Evercore Pan Asset to sign up to a new discretionary fund manager calculator, which was launched by Selectapension.
Emerging Global Advisors announces fund closures
Emerging Global Advisors (EGA), the asset manager to the EGShares exchange-traded funds (Funds), has confirmed to close 12 Funds representing 4% of assets under management.
Family Office Exchange forms new council group for European wealth advisors
Family Office Exchange (FOX), a global network of wealth owners and their advisors, has formed a new council group for sophisticated wealth advisors in Europe.
INDOS to implement FundApps Rapptr for AIFMD investment guidelines
INDOS Financial, the independent Alternative Investment Fund Managers Directive (AIFMD) depositary business, has said that it will use the FundApps Rapptr system to perform oversight over a hedge funds compliance with investment guidelines and AIFMD leverage limits.
UBS Wealth Management Americas appoints sales director of equity compensation business
UBS Wealth Management Americas has appointed Jonathan Brooks as sales director to support new business development initiatives in the equity compensation services division.
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Macquarie loses offshore banking fight with ATO
Macquarie Group has lost its Federal Court battle with the Australian Tax Office (ATO) over a tax dispute relating to Macquarie’s offshore banking unit (OBU) income allocation.
Global ETFs and ETPs suffered net outflows of US$16.77 billion in August: ETFGI
Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of US$45.26 billion in July, according to ETFGIs Global ETF and ETP industry insights report.
SEC proposes new rules to municipal advisors
The US Securities and Exchange Commission (SEC) is set to finalize long-delayed rules to rein in advisors who help states and localities raise cash in the US$3.7 trillion municipal-bond market, according to The Wall Street Journal.
Instinet extends liquidity aggregation technology to Japan VWAP crossing platforms
Instinet Incorporated has introduced Nighthawk VWAP, a fully customizable variant of its Nighthawk algorithm that provides aggregated access to the expanding universe of pre-market VWAP crosses in Japan.
ICAP in talks to settle Libor probe with regulators
London-based broker-dealer ICAP is negotiating a fine with UK and US regulators over a deal to end an investigation for allegedly helping traders manipulate the London interbank offered rate, or Libor.