All articles by Verdict Staff
Verdict Staff
Blackstone raises US$5 billion for second rescue financing fund
GSO Capital Partners (GSO), the credit division of Blackstone, has raised total commitments of US$5 billion for its second capital solutions fund, GSO Capital Solutions Fund II LP, an increase of over 50% from GSOs first capital solutions fund raised in 2010.
Cetera closes acquisition of MetLifes independent broker dealers
Cetera Financial Group has closed the acquisition of MetLifes two independent broker dealer firms, Tower Square Securities and Walnut Street Securities.
BofA Merrill to sell stake worth US$1.47 billion in China’s CCB
Bank of America Merrill Lynch is selling its remaining stake in China Construction Bank Corp (CCB) for US$1.47 billion, ending an eight year-old investment that generated a paper profit more than five times the original cost.
Advanced economies growing again but some emerging economies slowing: OECD
A moderate recovery is underway in the major advanced economies, according to the OECDs latest Interim Economic Assessment.
BNY Mellon Wealth Management appoints MD of business development
BNY Mellon Wealth Management has appointed Don Quattrucci as managing director of business development, to oversee the business strategy and spearhead the expansion of the sales force.
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Multi-Family office Caprock Group opens Newport Beach office
The Caprock Group, an Idaho based multi-family office, has opened new office in Newport Beach, California and hired former Merrill Lynch executive Greg Mech to lead its new office.
UK’s FOS throws out two-thirds of complaints against advisory firms in H1
The Financial Ombudsman Service (FOS) of UK threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013.
AXA Wealth appoints head of fund relations team
AXA Wealth has poached ex-Skandia strategy manager Kate Randall-Coles as head of fund group relations, replacing Graham Bentley.
Fiera Capital agrees to buy two US firms for US$156 million
Canada-based Fiera Capital has agreed to buy Bel Air Investment Advisors, a Los Angeles-based wealth management firm and, separately, Wilkinson O’Grady & Co, a New York-based asset manager for approximately US$156.25 million as part of its strategy to expand into the US market.
TABB Group issues 2013 mid-year review of European equity market trading trends
The long-only investor has returned to the European equities markets and as a result so has volume of European equities executed in the dark, according to new TABB Group research.