All articles by Verdict Staff
Verdict Staff
Hedge funds extend record asset total for fourth consecutive quarter
Total hedge fund assets surpass $2.4 trillion, led by credit sensitive event driven strategies; Number of hedge funds surpasses 10,000 for first time since 2006.
OECD launches plan to curb tax avoidance
Organisation for Economic Co-operation and Development (OECD) has unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts.
Wells Fargo Securities appoints new Asia head
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has appointed Mark Jones as the new head of Wells Fargo Securities Asia.
LLB stows additional US$33 million for imminent US tax deal
Liechtensteinische Landesbank (LLB) has set aside an additional CHF31 million (US$33 million) to resolve a US probe of its alleged role in helping American clients dodge taxes.
FINMA signs cooperation deals with 28 EU and EEA states
The Swiss Financial Market Supervisory Authority FINMA has signed cooperation arrangements with 28 EU and EEA member states. Those arrangements regulate cooperation and the exchange of information for the supervision of alternative investment fund managers.
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RBC Wealth Management appoints director for Americas team
RBC Wealth Management, part of Royal Bank of Canada, has appointed Juan Pablo Cortes as a director of Americas in its UK Private Client Wealth Management team.
Hedge funds register disappointing returns in June- Preqin data
Hedge funds suffered disappointing returns in June, with all strategies posting negative returns for the first time in over 12 months. Long/short funds endured the biggest loss in June at -1.66%, followed by macro strategies at -1.51%, according to data released by Preqin.
ALTIN: Planned share buyback will be implemented through tradable put options
The Board of Directors of ALTIN AG , the Swiss alternative investment company, has decided to implement the capital reduction programme announced in March 2013 through the issuance of free, tradable put options. The put options will be assigned to all shareholders with a strike price set at an attractive premium to the market price.
Ile-de-France home to largest number of UHNWIs in France
Ile-de-France home to largest number of UHNWIs in France
US and Malta conclude FATCA negotiations
US and Malta have concluded negotiations concerning an Intergovernmental Agreement (IGA) in relation to US FATCA regulations (FATCA).