All articles by Verdict Staff
Verdict Staff
Legal & General to acquire Lucida for £151 million
Legal & General Group has agreed to acquire the entire share capital of Lucida, a closed UK annuity buy-out company with a portfolio of £1.4 billion of annuity assets, from LCM Holdings for an estimated consideration of £151 million.
RBS appoints new global head of transaction services
The Royal Bank of Scotland (RBS) has appointed Carole Berndt as global head of transaction services.
FINRA fines StateTrust Investments US$1million for charging unfair bond prices
The Financial Industry Regulatory Authority (FINRA) has fined StateTrust Investments US$1.045 million and sanctioned the firm’s head trader, Jose Luis Turnes, for charging excessive markups and markdowns in fraudulent corporate bond transactions.
French households to pay more in wealth tax
French households will have to pay more in wealth tax as the result of the French governments latest instruction.
T. Rowe Price launches global allocation fund for investors
T. Rowe Price has launched the global allocation fund (RPGAX), broadening the firm’s lineup of asset allocation products, which currently have over US$138 billion in assets as of 31 March 2013.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Former Bank of America trader to launch hedge fund firm report
A former Bank of America trader Iftikhar Ali is set to launch his own hedge fund firm, Rhodium Capital, in the fourth quarter of 2013, according to Reuters.
Tradeweb introduces electronic hedging tool for European ETFs
Tradeweb Markets LLC has launched a new tool that makes it easier and faster to source, price and trade the basket of underlying bonds needed to create or redeem shares in fixed income exchange-traded funds (ETFs).
HMRC confirms VAT exemption on discretionary fund manager transaction fees
Her Majesty’s Revenue & Customs (HMRC) has confirmed that transactional fees for discretionary management services will not need to include VAT.
Apollo Global Managements co-founder nets $107.87m in share sale
Rowan Marc J, senior managing director of Apollo Global Management, the US based alternative investment manager, has sold 4,425,620 shares, representing 3.3453% stake in the company.
Principal Global Investors appoints new high yield portfolio manager, analyst
Principal Global Investors, a global asset manager and a member of the Principal Financial Group, has named Joshua Rank as high yield fixed income portfolio manager and Matt Hanson as senior high yield analyst for Principal Global Fixed Income.