All articles by Verdict Staff
Verdict Staff
Jupiter names new manager for its £482 million Absolute Return fund
Jupiter Fund Management has appointed James Clunie as manager of its £482 million Absolute Return Fund, replacing Philip Gibbs who will be retiring in October 2014.
Towergate selects 7IM to manage £80 million model portfolio
Towergate Financial’s investment committee has selected Seven Investment Management (7IM) to manage its £80 million of passive model portfolios.
Financial services industry riskier or just as risky as 2007: Study
The Dodd-Frank Act put in place to avoid another financial crisis celebrates its third anniversary later this month, but 68% of financial services firms say that their industry is now riskier or just as risky as it was in 2007.
European investors cautious about sector positioning: BofA Merrill Lynch survey
Though the European Union (EU) growth outlook has stabilised, with 44% of fund managers expecting a stronger economy, investors are cautious about sector positioning, according to Bank of America Merrill Lynch’s latest monthly survey.
Invast Securities forays into Australian market
Japanese brokerage firm Invast Securities has opened its Australian operations after being granted a license by the Australian Securities and Investments Commission (ASIC).
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BAAM launches alternative mutual fund for individual investors
Blackstone Alternative Asset Management (BAAM), the hedge fund solutions business of Blackstone Group, plans to launch its first alternative investment-focused mutual fund for individual investors.
Ascent Private Capital Management gets new MD for private banking
U.S. Bank Wealth Management has appointed Eric Stern as managing director of private banking for Ascent Private Capital Management of U.S. Bank.
Banca Carige in talks to sell asset management unit to Arca
Italian lender Banca Carige is holding exclusive talks to sell its asset management unit, Carige Asset Management, to a privately-owned investment manager Arca for EUR80 million (US$104.3 million).
UK, US and Japan remain preferred markets for equities: Barings
Supportive monetary policy continues to buoy the outlook for UK, US and Japan equities according to the multi asset team at Baring Asset Management.
Aviva Investors splits multi-asset team into retail and institutional divisions
Aviva Investors has split its multi-asset solutions portfolio management team into retail and institutional divisions in an effort to give focused advice to each type of client, according to Investment Week.