All articles by Verdict Staff
Verdict Staff
FINRA issues new investor alert about alternative funds
The Financial Industry Regulatory Authority (FINRA) has issued a new Investor Alert called Alternative Funds Are Not Your Typical Mutual Funds to inform investors considering investing in alternative funds to be aware of the characteristics and risks of these investments.
FirstRand launches asset management business
South Africa’s FirstRand bank has launched an asset management arm, Ashburton Investments, to the already crowded investment market of Africa’s top economy.
Coral Student Portfolio partners with CVG to invest US$60million in global initiative
Coral Student Portfolio has made a phased investment of US$60million to a US$200million fund by partnering with overseas family office firm Capital Values Group (CVG).
RBC Investor & Treasury Services appointed global custodian by Polaris
RBC Investor & Treasury Services, part of Royal Bank of Canada, has been appointed global custodian by Italian fund management company Polaris Investment.
Scotia Asset Management makes portfolio advisor change
Scotia Asset Management has made a portfolio advisor change to Scotia Private Canadian Small Cap Pool.
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Generali Investments Europe appoints new CEO
Generali Investments has appointed Santo Borsellino as its new chief executive, replacing current CEO Philippe Setbon who quit the firm to join French group Groupama Asset Management.
Marlborough launches Hargreave’s special situations fund to offshore investors
Guernsey based Marlborough International Management has launched Giles Hargreaves GBP640 million special situations fund to offshore feeders, thereby providing access to the strategy.
American prosecutors investigating virtual currency tax fraud
US prosecutors are scrutinising the use of virtual currencies such as Bitcoin- which can be traded anonymously – amid fears that Americans are using them to evade taxes.
TCW expands to Paris and Hong Kong with new office launches
Global asset management firm TCW Group has opened new offices in Paris and Hong Kong, staffed by industry veterans familiar with those regions.
Architas launches 0% AMC offer for investors on passive fund range
Architas has launched a new share class offering investors a 0% annual management charge (AMC) for its passive range of funds.