All articles by Verdict Staff
Verdict Staff
Investors withdraw nearly US$10 billion from Pimco fund in June
Pimco’s Total Return bond fund, managed by Bill Gross, has experienced the largest investor outflows in June 2013 as investors pulled nearly US$10 billion from the fund.
SEC launches initiatives to combat accounting fraud
The Securities and Exchange Commission has launched three new initiatives that will build on its Division of Enforcement’s ongoing efforts to concentrate resources on high-risk areas of the market and bring cutting-edge technology and analytical capacity to bear in its investigations.
PEAK Financial Group creates new private wealth division
PEAK Financial Group, a Canada-based independent full service dealer, has created a new division, PEAK Private Wealth.
Thomson Reuters Launches New Look Accelus Risk Manager
Thomson Reuters, provider of intelligent information for businesses and professionals, has launched a new user interface for Accelus Risk Manager (ARM), which will bring enhanced risk management and risk reporting capabilities to governance, risk and compliance functions within organisations.
Ashcourt Rowan reports pre-tax loss of £2.5 million
British wealth manager Ashcourt Rowan has said that its loss before tax remained constant at £2.5 million (US$3.7 million) for the year ended 31 March 2013, which the company attributed to its change management programme, restructuring costs and the result of legacy systems being decommissioned.
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Former Morgan Stanley executive forms hedge fund firm
George Kounelakis, a former head of Morgan Stanleys principal investments group in Europe, has established a new hedge fund firm called, ENA Investment Capital, Financial News reported.
Baker & McKenzie.Wong & Leow strengthens tax team in Singapore
Baker & McKenzie.Wong & Leow has strengthened its tax team in Singapore by appointing Dawn Quek as a senior associate, effective 1 July 2013.
Deutsche Bank appoints new head of investor relations
Deutsche Bank has appointed John Andrews as its new head of investor relations, effective 1 September 2013.
Arendt & Medernach to close Brussels office
Luxembourg-based law firm Arendt & Medernach is planning to shut its office in Brussels, Belgium, according to a report by The Lawyer.
FINRA selects Morningstar for re-launch of Market Data Center
The Financial Industry Regulatory Authority (FINRA) has selected Morningstar, Inc. to provide financial data, technology and design for the re-launch of FINRA’s Market Data Center.