All articles by Verdict Staff
Verdict Staff
State Street net income up 15% in Q2
State Street has reported a net income of US$571 million, or US$1.24 per share, for the second quarter of 2013, a 15.6% increase compared to US$494 million, or US$1.01 per share, from the year ago period.
ASIC and European Union authorities cooperate on alternative investment funds
ASIC has entered into 29 supervisory cooperation arrangements with European Union (EU) securities regulators, agreeing to help each other supervise fund managers operating across borders.
Evercore to open new office in Singapore
Evercore Partners, an independent investment banking advisory firm, is set to expand its presence in Southeast Asia with a new office in Singapore.
Conrad Siegel Investment Advisors launches new Automatic Risk Reduction program
Conrad Siegel Investment Advisors, a wholly-owned subsidiary of Conrad Siegel Actuaries, has launched its Automatic Risk Reduction program.
Sanford C. Bernstein opens new office in Boston, Massachusetts
Sanford C. Bernstein has opened a sell-side institutional sales office in Boston, Massachusetts, as part of its continued build-out of U.S. and Global research services.
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UBS Securities Australia fined US$30,000 for breaching market integrity rules
UBS Securities Australia has paid a fine of $30,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP) for the breach of market integrity rules.
First Names completes acquisition of Basel Group
Isle of Man-based First Names Group has completed the acquisition of The Basel Group following an exchange of contracts and regulatory approval in Jersey and the British Virgin Islands.
FTJ FundChoice to launch ETF Strategist Program
FTJ FundChoice, a turnkey asset management program (TAMP) with over US$3 billion assets under administration (AUA), plans to launch an ETF Strategist Program beginning August 5, 2013.
Amundi enters Singapore retail market with SICAV fund
European asset manager Amundi has forayed into Singapore retail market by launching its flagship fund, Amundi International SICAV, to tap into the wealth preservation needs of the Asian clientele.
ESMA finalises supervisory co-operation agreements for alternative investment
The European Securities and Markets Authority (ESMA) has approved seven co-operation arrangements between EU securities regulators and their global counterparts with responsibility for the supervision of alternative investment funds, including hedge funds, private equity and real estate funds.