All articles by Verdict Staff
Verdict Staff
SAC Capital Advisors shuts down capital trading unit
SAC Capital Advisors, the hedge-fund firm facing federal insider-trading charges, has shut down its trading unit as the US$14 billion firm’s capital base begins to shrink in the wake of a criminal indictment filed against it.
UBS poaches former Morgan Stanley financial advisor
UBS Wealth Management Americas has appointed Bruce Lanser, a former Morgan Stanley Wealth Management financial advisor, as the institutional consultant.
Australasian Wealth Investments to acquire InvestSMART from Fairfax
Australasian Wealth Investments Limited (AWK) has agreed to acquire online financial services portal InvestSMART from Fairfax Media for a cash consideration of A$7 million.
A solid start for Australian private equity in 2013: AVCAL study
The first quarter of 2013 saw the Cambridge Associates Australia Private Equity and Venture Capital Index (C|A Australia Index) post gains of 2.36%, according to the latest quarterly report released by The Australian Private Equity and Venture Capital Association (AVCAL).
Blackstone raises US$1 billion from Fidelity Investments for new fund
American money-management firm Blackstone Group has raised almost UD$1 billion from Fidelity Investments for its first mutual fund that will invest in hedge funds.
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GAM Holdings AuM rises by 5% in H1
Asset management firm GAM Holdings assets under management (AuM) stood at CHF116.6 billion (US$125.6 billion) for the six months ended 30 June 2013, an increase of 5% compared to CHF111.1 billion (US$119.7 billion) for the same period of 2012.
Alternative UCITS assets exceed 100 billion says Alceda
Alternative Ucits funds saw assets under management hit 104.6 billion in the second quarter of 2013, according to figures published by Alceda Quarterly Ucits Review.
Standard Chartered appoints new head of cash equity sales, Hong Kong
Standard Chartered has appointed David Nichols as head of cash equity sales, Hong Kong. He will be based in Hong Kong and report to Tim Andrew, global head of cash equities.
ASIC makes rules on dark liquidity, high-frequency trading
Australian Securities and Investments Commission (ASIC) has released its market integrity rules on dark liquidity and high-frequency trading. The rules will come into force in stages over nine months.
Radian Partners acquires Gazelle Wealth Management
Memphis-based wealth management firm Radian Partners, has acquired Gazelle Wealth Management of Union City in a private transaction from Gazelle owner Phyllis Edwards, according to Memphis Business Journal.