All articles by Verdict Staff
Verdict Staff
Hedge Funds bounce back in July to recover June losses: Preqin
Preqin data reveals that hedge funds recovered from negative performance in June, with encouraging July performance across almost all benchmarks. July returns of 1.64% represent the best month for hedge funds since January and strong returns have wiped out the losses incurred in June, taking year-to-date returns to 5.39%.
Advisor numbers in UK rose by 6% in first half: FCA
There were 32,690 retail investment advisors working in the UK at end of July 2013, an increase of nearly 5% from 31,132 at end of December 2012, according to figures released by the Financial Conduct Authority (FCA).
Barclay Hedge Fund Index up 1.73% in July
Hedge funds gained 1.73% in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 5.86% year to date.
RBC to wind up wealth management office in Uruguay-report
Royal Bank of Canada (RBC) will close its wealth management office in Montevideo, Uruguay, at the end of October, Bloomberg has reported.
Polar Capital plans to launch new UCITS global convertibles fund
UK-based investment management firm Polar Capital is planning to launch a new UCITS global convertibles fund.
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CSRC unveils new regulations on asset managers self-owned capital
The China Securities Regulatory Commission (CSRC) has unveiled interim regulations for the use of fund management companies self-owned capital.
FCA bans two senior advisers over UCIS schemes
The Financial Conduct Authority (FCA)has fined and banned two UK based advisers over their involvement in UCIS schemes. The two, John Leslie of Battersea and Jeffrey Bennett of Harrow were fined £28,000 each and banned from holding ‘accountable significant influence’ functions for their lack of oversight in the promotion of UCIS schemes in 2005.
Captrust acquires Cambridge Financial Services
Captrust Financial Advisors has acquired institutional investment advisory firm Cambridge Financial Services to expand its presence in the northeastern region of the US.
BNP Paribas appoints new head of securities services in Hungary
French banking giant BNP Paribas has named Gyorgy Cselenyi as the head of securities services in Hungary.
Wedbush selects FolioDynamix wealth management technology platform
Wedbush Securities, a US-based financial services provider, has selected FolioDynamix’s wealth management technology platform for deployment to its advisors.