All articles by Verdict Staff
Verdict Staff
HSBC Global Asset Management receives renminbi investment licence
Chinese regulators have granted HSBC Global Asset Management renminbi qualified institutional investor (RQFII) licence, which will enable the company to invest renminbi into the countrys equity and bond markets.
SEC charges former portfolio manager at SAC Capital with insider trading
The US Securities and Exchange Commission (SEC) has charged a former portfolio manager at SAC Capital Advisors with insider trading ahead of major announcements by technology companies.
JP Morgan Asset Management to close eight funds as part of strategic review
JP Morgan Asset Management is to liquidate eight Luxembourg-domiciled Sicavs as part of a comprehensive strategic review of its entire fund range.
Legal & General Investment launches institutional business in Asia Pacific
Legal & General Investment Management has launched an institutional business in the Asia Pacific region, headquartered in Hong Kong to continue its strategy of international expansion.
BlackRock’s China equities manager departs
BlackRock’s lead China equities manager Jing Ning has left the company after overseeing the BGF China Fund for five years.
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Bahamas to go with Model 1 IGA for FATCA implementation
The Bahamas’ Cabinet has approved proposal put forward by the country’s Ministry of Financial Services to go with a Model 1 Intergovernmental Agreement (IGA) for Foreign Account Tax Compliance Act (FATCA) implementation.
Prudential Fixed Income names managing director to risk management team
Prudential Fixed Income, an asset management business of Prudential Financial, has named Yves Trinquet a managing director, and head of quantitative research. He has also been named co-head of risk management.
Barclays appoints group human resources director
Barclays has appointed Irene McDermott Brown as groups human resources director, subject to regulatory approvals.
SSgA, Zhongrong International Trust form joint venture in China
State Street Global Advisors (SSgA), the asset management business of State Street, has formed a joint venture with Zhongrong International Trust (ZRT) in China.
Janus Capital AuM rise by 5% in Q2
Janus Capital Groups assets under management for the second quarter rose by 5.1% to US$160.6 billion from US$ $152.4 a year ago.