All articles by Verdict Staff
Verdict Staff
Fidelity launches income share class for Spreadburys reduced duration fund
Fidelity Worldwide Investments has launched an income share class of Ian Spreadbury’s reduced duration bond fund which will be aimed at retail investors, with £500 minimum investment.
Aviva Investors Americas appoints new compliance chief
Asset management firm Aviva Investors Americas has appointed Lyda Iturralde as chief compliance officer.
Raiffeisen Bank’s pre-tax profit down 49% in first half
Austria-based Raiffeisen Bank International has posted a pre-tax profit of 467 million (US$623 million) for the first half of 2013, a decline of 49.6% from 927 million (US$$1.24 billion) reported a year ago.
Carlyle Group appoints new managing director on power investing team
Global alternative asset manager The Carlyle Group has named Matthew J. O’Connor a managing director on the power investing team.
Swiss private bank BCV sees 4% decline in H1 profit
Switzerland-based Banque Cantonale Vaudoise (BCV) has reported a 4% decrease in its profit to CHF150.7 million for the first half of 2013, compared to CHF156.5 million for the same period in 2012.
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First Trust launches International Multi-Asset Diversified Income Index Fund
First Trust Advisors has launched the International Multi-Asset Diversified Income Index Fund, an exchange-traded fund (ETF) which is expected to begin trading on NASDAQ on 23 August 2013.
Fund Advisers Europe launches new hub office in Madrid
Luxembourg-based Fund Advisers Europe has launched its new hub office in Madrid, with a strategy to support its expanding wealth management team in the Iberian Peninsula.
ICE Link and Cetip launch post-trade solution for Brazilian bond market
IntercontinentalExchange (ICE), an operator of global markets and clearing houses, has said that its post-trade workflow tool for the global credit default swap (CDS) market, ICE Link, is now available on Cetip’s bond trading platform, Cetip|Trader.
UBS splits hedge fund businesses
UBS Global Asset Management has divided its alternative and quantitative investments hedge fund platform into two separate business areas.
Wells Fargo Advantage Fund makes portfolio management changes
The Wells Fargo Advantage Global Dividend Opportunity Fund has reported a portfolio management change.