All articles by Verdict Staff

Verdict Staff

Buy-side firms are struggling with derivatives processing workarounds: SimCorp survey

Majority of buy-side companies are selecting workaround solutions for derivatives modelling and processing instead of consolidating to one system, according to a survey by investment management solutions provider SimCorp.

Hedge funds with highest performance fees deliver best net returns:Prequin

Hedge funds that charge performance fees of more than 20% have produced the highest net returns in four out of the past six years, according to new research from Preqin.

Investment funds specialist Dawn Howe joins Walkers as partner

Cayman Islands-based law firm Walkers has appointed Dawn Howe as a partner in its Global Investment Funds Group.

Isle of Man signs tax information exchange agreement with Switzerland

The Isle of Man has signed a tax information exchange agreement (TIEA) with Switzerland, bringing the total number TIEAs signed by it with other countries to 29.

Scotiabank names new chief risk officer

Scotiabank has named Stephen Hart as new chief risk officer, replacing Robert Pitfield, effective 1 September 2013.

Calamos Investments chief operating officer departs

Calamos Investments, an investment management firm, has reported the planned departure of James Boyne, president and chief operating officer, effective September 30, 2013.

Investors favoured more dynamic, value-oriented stocks in an emerging European market: Russell Indexes

As Europe appears to turn a corner economically, experts at Russell Investments believe European equities may provide better value versus other non-US developed markets, according to the Russell Indexes.

Chinese luxury retail investor nets $34m

Hung Roger Wang, a shareholder of PCD Stores (Group) Limited, a Chinese operator of a luxury department store chain, has sold 221.37m shares, representing a 5.26% stake in the company.

AustSafe receives MySuper approval from APRA

Australia-based industry super fund AustSafe Super has been granted MySuper authorisation by the Australian Prudential Regulation Authority (APRA).

Investcorp appoints head of credit and equity strategies

Investcorp’s US-based hedge fund business has appointed Elena Ranguelova as head of credit and equity strategies.