All articles by Verdict Staff
Verdict Staff
BBA to hand over administration of Libor to NYSE Euronext
British Bankers Association (BBA) has agreed to transfer of the administration of scandal-tarred benchmark, Libor, to NYSE Euronext Rates Administration, the bidder recommended by the Hogg Tendering Advisory Committee.
Swiss banks may lose CHF500 million from UK tax deal
Swiss banks may end up losing most of the CHF500 million (US$522 million) guarantee payment they made to the UK government as part of a tax deal, the Swiss Bankers Association (SBA) said.
SEI selects Calastone for automated order routing
Recognising the exponential move towards the automation of transactions within the global funds industry, global fund services provider SEI has chosen Calastone to provide its order routing service for the UK business.
Amundi appoints head of distribution in Nordic region
Asset manager Amundi has appointed Christopher Crystal, as head of distribution for the Nordic region.
Allianz Global Investors adds sterling hedge share classes to its funds
Allianz Global Investors has added sterling hedge share classes to its £241million Allianz Income and Growth fund and £377 million Allianz Flex Asia Bond funds, according to Fundweb.
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John Hancock reduces fees
John Hancock has added a new management fee breakpoint for the John Hancock Global Absolute Return Strategies Fund (Class A: JHAAX) and decreased a breakpoint in the management fee schedule for the John Hancock Sovereign Investors Fund (Class A: SOVIX). Both fee reductions were effective July 1, 2013.
UK IFA consolidator to raise £28 million for further expansion via IPO
Perspective Financial Group, a financial advisory group, has sought admission to trading on AIM, a market operated by London Stock Exchange PLC.
GoldMoney to open second vault in Singapore
GoldMoney, a Jersey-based provider of gold, silver, platinum and palladium for retail and corporate investors, is set to open a second vault in Singapore.
Melanion Capital secures authorisation for dividend futures investment
Melanion Capital has received authorization from the French regulator Autorité des Marchés Financiers to become the first alternative manager to specialize in investment in dividend futures.
Assets of top 100 alternative investment managers hit US$3 trillion: Towers Watson
Total assets managed by the top 100 alternative investment managers globally reached US$3.1 trillion in 2012, according to research produced by Towers Watson and published in conjunction with the Financial Times.