All articles by Verdict Staff
Verdict Staff
Hedge funds gain in May as bonds and currencies fall
Hedge funds posted their seventh consecutive monthly gain in May and the 11th gain in the last twelve months as strong performance in equity hedge and event driven strategies offset weakness in Macro and CTA strategies, according to data released by the Hedge Fund Research (HFR).
iShares launches Asias first offshore RMB-denominated bond ETF in HK
BlackRock’s iShares ETF business has launched its Asia’s first offshore RMB-denominated bond ETF in Hong Kong to expand its fixed income ETF product offering.
São Paulo, Incheon and Mumbai to see greatest surge in global competitiveness by 2025: Citi
A new Economist Intelligence Unit (EIU) research report, “Hot Spots 2025: Benchmarking the Future Competitiveness of Cities,” commissioned by Citi, projects that São Paulo, Incheon and Mumbai will see the greatest surge in global competitiveness between 2012 and 2025.
Sedulo launches its wealth management division
Manchester-based accountancy firm, Sedulo, has launched a wealth management arm offering financial advice, bucking the recent trend of accountancy firms exiting the advice market following the implementation of RDR.
Cofunds pre-tax profits slump 17% in 2012
Legal & General-owned platform Cofunds has reported pre-tax profits of £5.9 million for the year 2012, a decline of 17% from £7.1 million in 2011.
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Investors pull out US$12.53 billion from global bond funds in a week- EPFR
Investors have pulled a record US$12.53 billion out of global bond funds in the week ended 5 June 2013 on the back of fears of a tighter US monetary policy, according to data released by research firm EPFR Global.
US trade associations urge CFTC to provide cross-border relief
A coalition of trade associations – including the FIA – have written to the CFTC regarding the CFTCs guidance on how it intends to apply the Dodd-Frank derivatives rules to cross-border transactions.
Standard Life Investments makes new appointment
Global asset manager Standard Life Investments has appointed Daniel McKernan as head of Sterling Investment Grade Credit.
Can technology help offshore trust businesses?
Many banks like owning offshore trust businesses but do bankers and trustees get on? Could the business model be improved? Trustees have traditionally insisted on being in control of trust relationships but bankers, having built the relationship, can feel let down by trustees who fail to share information and endanger relationships with high fees and perceived high-handedness.
Dark pool trading costing US investors billions – CMCRC study
The Sydney-based Capital Markets Cooperative Research Centre (CMCRC) in its latest report says that the rise of dark trading in the US is costing local investors billions of dollars and has damaged the overall market.