All articles by Verdict Staff
Verdict Staff
Deutsche Bank reportedly setting up $100 million insurance-linked hedge fund
Deutsche Bank is planning to set up a catastrophe-bond hedge fund, in spite of the difficulties it faces in doing so due to new US regulations, Hedge Fund Alert reported.
Credit Suisse launches two new investment portfolios for SIV applicants
Credit Suisse Private Banking has launched two new investment portfolios, which are developed specifically for Significant Investor Visa (SIV) applicants.
UBS appoints Clearstream as primary ICSD for wealth management business
UBS has appointed Clearstream as primary International Central Securities Depository (ICSD) for its global investment bank and wealth management businesses.
Former SAC trader prepares to launch hedge fund in Hong Kong
Miaodan Wu, a former portfolio manager at billionaire Steven Cohen’s hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong, according to a report published by Reuters.
Advisors more optimistic about economy; concerned about taxes, rising interest rates: Survey
More advisors are optimistic about the economy when compared with previous years, but are concerned with rising interest rates and tax burdens, according to a new survey report published by Curian Capital.
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Sumitomo sells half its stake in Barclays for £260 million
Japan’s Sumitomo Mitsui Banking Corp (SMBC) has sold half of its shareholding in Barclays for £260 million, after disposing of 84 million shares.
Credit Suisse may sell part of German wealth management business
Credit Suisse is considering the sale of part of its wealth management business in Germany to boost the profitability of its onshore businesses in western Europe.
SEC reviewing proposals to streamline launch of ETFs
The US Securities and Exchange Commission (SEC) will consider a proposal this year that would sweep away regulatory barriers to launching certain types of exchange-traded funds, a senior official revealed at the Reuters Global Wealth Management Summit.
Wells Fargo expands its independent adviser division in Texas
Wells Fargo & Co has hired financial adviser J.D. Joyce from rival brokerage firm UBS Wealth Management Americas to expand its independent adviser division in Texas.
Mirabaud expands Global High Yield Bonds team
Mirabaud Asset Management has recruited Fatima Luis in London as a senior high-yield specialist to support high-yield fund manager, Andrew Lake, on the Global High Yield Bonds division.