All articles by Verdict Staff
Verdict Staff
Reliance Trust acquires trust, asset management business of Grand Bank and Trust of Florida
Atlanta-based Reliance Financial Corporation has acquired the trust and asset management business of Grand Bank and Trust of Florida, headquartered in West Palm Beach, Florida.
Mirabaud AM strengthens external distribution team in Paris
Mirabaud Asset Management has appointed Alexandre Mignot to strengthen its external distribution team in Paris, effective 19 August 2013.
APFA asks FCA to factor fall in advisor numbers into future fees
The Association of Professional Financial Advisors (APFA) has bolstered its call for the FCA to ensure future fees for the advisor industry reflect the industry’s reduced size, as it published an updated version of its report “The Financial Adviser Market: In Numbers”.
Woodfield Fund Administration chooses Smonik RECON for reconciliations
Woodfield Fund Administration has chosen back-office solutions provider Smonik Investment Systems’ Recon solution to manage the portfolio reconciliation needs of its diverse group of investment management clients.
Dutch government examining tax treaties with developing countries
The Dutch government is reviewing double taxation treaties with developing countries to determine if they are unfair and should be renegotiated, the State secretary of finance minister, Frans Weekers, told Reuters.
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Collins Capital expands team with new director
Collins Capital, an alternative investment firm whose multi-manager mutual fund uses differentiated, non-correlated strategies to offer compelling, risk-adjusted returns, has appointed Casey Wamsley as Director.
UKs Serious Fraud Office charges two brokers over Libor rigging
The UKs Serious Fraud Office (SFO) has charged Terry Farr and James Gilmour, former brokers at RP Martin Holdings, with offences of conspiracy to defraud in connection with the investigation by the SFO into the manipulation of Libor.
China Asset Management granted additional RMB800 million RQFII quota
China Asset Management (Hong Kong) has revealed that that its ChinaAMC Select Fund has been awarded an additional RMB800 million (US$127 million) in RQFII quota from the State Administration of Foreign Exchange (Safe) on 3 July 2013.
Fed’s potential QE tapering tempers investment managers’ outlook – Northern Trust survey
The possibility of a change in US Federal Reserve monetary policy or its ‘quantitative easing’ stimulus programme poses the greatest risk to equity markets over the next six months, which in turn has tempered investment managers’ outlook, according to a quarterly survey of investment managers by Northern Trust.
Liquidity Finance opens office in US
UK-based Liquidity Finance is expanding its presence with a new office opening in Stamford, Connecticut in the US.