All articles by Verdict Staff
Verdict Staff
BEN boosts Leveraged Equities
Bendigo and Adelaide Bank will boost investment into its margin lending business Leveraged Equities (LE) in response to early stirrings in investor confidence.
MAS reprimands RHB Bank Berhad, Singapore branch
MAS has reprimanded RHB Bank Berhad, Singapore Branch [“RHB”] for contraventions of paragraphs 11 and 15 of the Notice on Recommendations on Investment Products [FAA-N01], paragraphs 23 and 27 of the Notice on Minimum Entry and Examination Requirements for Representatives of Licensed Financial Advisers and Exempt Financial Advisers [FAA-N07] and section 23B(3)(a) of the FAA.
BlackRock names co-manager on European Absolute Alpha fund
BlackRock has promoted Stefan Gries as co-manager on the European Absolute Alpha fund alongside Vincent Devlin.
Jefferies Group hires two managing directors for its event-driven desk
Jefferies Group, an American global investment bank and institutional securities firm, has hired two managing directors Richard Thoms and Ming Lai from Citigroup for its event-driven desk.
Standard Life introduces enhancements to its Portfolio Analyser Tool
Standard Life has introduced enhancements to its Portfolio Analyser Tool. Advisers have the option of using it as a standalone resource or integrated with Client View on Adviserzone.
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Globally ETFs and ETPs had outflows of US$3.98 billion in June 2013: ETFGI
Globally ETFs and ETPs had outflows of US$3.98 billion in June 2013, their first net outflows in over two years. Assets invested globally in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) are at US$2.04 trillion, down from their all-time high of US$2.13 trillion at the end of May 2013, according to preliminary figures from ETFGIs Global ETF and ETP industry insights report for first half 2013.
European Banking Authority to create bankers database
European Banking Authority (EBA) is planning create new fitness and probity database of bankers in member states, ending the current system of ad hoc sharing between national authorities.
Perry Capital sues US treasury over Fannie Mae, Freddie Mac bailout terms
Hedge fund firm Perry Capital has sued the US Treasury Department alleging that the 2012 amendments made to the bailout terms set for Fannie Mae and Freddie Mac were illegal and has destroyed shareholders’ holdings.
SSgA launches international equities ETF for Australian investors
State Street Global Advisors (SSgA) has launched an international equities exchange traded fund (ETF) for Australian investors, reports Financial Standard.
Legg Mason launches tactical equity income fund for UK investors
Legg Mason Global Asset Management has launched the Legg Mason ClearBridge Tactical Dividend Income fund for UK investors.