All articles by Verdict Staff
Verdict Staff
Matrix Asset Management net loss widens in Q2
Canada-based Matrix Asset Management has reported a net loss of C$1.77 million for the second quarter ended 30 June 2013, compared to a net loss of C$1.53 million a year ago.
AMP Financial appoints new head of contemporary wealth management
AMP Financial Services has appointed Patricia Montague as its new director contemporary wealth management products, effective 12 August 2013.
DTCC white paper identifies greater systemic risk complexities to financial markets
In its white paper entitled Beyond the Horizon: A White Paper to the Industry on Systemic Risk, The Depository Trust & Clearing Corporation (DTCC) identified a number of emerging trends that could potentially impact the industrys ability to protect against new and unidentified threats to the financial system.
Morgan Stanley Wealth appoints former Merrill Lynch CIO -report
Morgan Stanley Wealth has appointed Lisa Shalett, the former chief investment officer of Merrill Lynch’s global wealth management division, according to a report published by Reuters.
Glennmont Partners raises US$267 million for clean energy infrastructure fund
Glennmont Partners, a UK-based private equity infrastructure investor, has raised 200 million (US$267 million) towards its second clean-energy investment fund.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Korea Investment to spend up to $10 billion on alternative assets
Korea Investment Corporation, the nations sovereign wealth fund, is planning to spend up to US$10 billion to triple its allocation to alternative assets, reports Bloomberg.
Carlyle Group net loss narrows in second quarter
American alternative asset manager Carlyle Group has reported that its second-quarter net loss attributable to the company narrowed to US$3.3 million or US$0.07 per share, from US$10.3 million or US$0.26 per share in the year ago quarter.
ING IM appoints new Singapore CEO
ING Investment Management has appointed Shek Chee Seng as chief executive officer of ING Investment Management Singapore and head of client group Asia (ex Japan) of ING IM International, according to Asia Asset Management.
Bank of England provides explicit guidance regarding future conduct of monetary policy
The Bank of England’s Monetary Policy Committee (MPC) voted to provide some explicit guidance regarding the future conduct of monetary policy.
Legg Mason to close emerging-markets equity unit
American asset manager Legg Mason plans to wind down its emerging markets equities subsidiary based in London and Hong Kong and return money to investors after weak performance.