All articles by Verdict Staff
Verdict Staff
JP Morgan positive about Brazilian investment opportunities
Even though Brazil’s broad economic growth has disappointed, leading to investor-pessimism, there are “still plenty of opportunities” to make money in the country, according to JP Morgan.
US investors pull out over US$10 billion from bonds funds
US based Investors in mutual funds have pulled more than US$10 billion out of bonds funds on 5 June 2013, due to fears around the US Federal Reserve starting to wind down its bond-buying program, Investment Company Institute (ICI) has reported.
UK regulator probes alleged exchange rate-rigging
Britain’s financial watchdog, Financial Conduct Authority (FCA), has said that it is gathering information on potential manipulation of benchmark foreign-exchange rates, amid new allegations that traders at banks are rigging rates to maximise profits.
Jerseys finance industry reports positive results for Q1 2013
Jerseys finance industry has reported positive results for first quarter of 2013 across different sectors, with the levels of bank deposits rising and the value of funds being administered increasing to their highest level in four years.
GMP Capital’s wealth arm launches new unit in US
Canada-based GMP Capital’s wealth management arm has set up a new US unit, Richardson GMP US, which will primarily cater to Canadian clients who are residents in the US, the Wall Street Journal reported.
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Carlyle Group planning to launch US$4 billion real estate fund
Carlyle Group, a Washington-based private equity firm, is preparing to launch a US$4 billion real estate fund.
Hong Kongs SFC fines Credit Suisse Securities (Hong Kong) for US$1.6 million
The Securities and Futures Commission (SFC) has reprimanded and fined Credit Suisse Securities (Hong Kong) US$1.6 million for regulatory breaches and internal control failings relating to position limit failures.
ESMA clarifies pay rules applicable to investment firms
The European Securities and Markets Authority (ESMA) has published Guidelines on remuneration policies and practices, which apply to relevant staff of investment firms, credit institutions and fund management companies when providing investment services, and to national securities regulators enforcing those rules.
Filomeno Wealth Management partners with Private Capital Group
Filomeno Wealth Management (FWM), a division of Filomeno & Company, has formed a new alliance with investment adviser, Private Capital Group.
Swedish fund industry hits AUM of EUR261.5 billion in May
Swedish Investment Fund Association has said that the fund industry has hit another record high with assets under management (AuM) of SEK2.289 trillion (US$3.5 trillion), as net sales for the month hit SEK9.1 billion.