All articles by Verdict Staff
Verdict Staff
ESMA promotes global supervisory co-operation on alternative funds
The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts.
DeWAM makes new appointment to expand UHNW services
Deutsche Asset & Wealth Management (DeWAM) has hired Vinit Sahni to expand the services it offers ultra-high-net-worth clients.
Generali targets UK clients with assets of GBP3 million
Generali PanEurope would be targeting the UK high-net-worth and UHNWI market with a flagship portfolio product and wealth structuring services, which it plans eventually to roll out to private banks, private wealth managers and family offices around the world.
Martin Curries Global emerging markets strategy wins institutional mandate
Australian superannuation fund AvSuper plans to invest in Martin Currie Investment Management’s flagship global emerging markets (GEMs) strategy.
Investec targets 5% yield by launching global income fund internationally
Investec Asset Management has launched an offshore version of its Global Diversified Income Fund to international investors.
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Barclays makes senior hire in charity sector
Barclays has appointed Finlay MacDonald as a vice president to the charities and segregated funds team in Scotland.
Business interests largest asset class for Israel HNWIs
Business interests largest asset class for Israel HNWIs
Tall hurdles ahead for wealth managers to tackle: BCG study
As growth prospects shift toward developing markets, wealth managers must grapple with greater client demands, tougher regulatory and margin pressures, and increasing business complexity, according to the new study by Boston Consulting Group (BCG).
Taqwaa Advisory to set up Shariah property and stock fund in India
India-based Taqwaa Advisory and Shariah Investment Solutions is setting up INR2.5 billion ($44 million) fund on behalf of Al Barakah Financial Services, a company backed by the Kerala state government, Bloomberg reported.
BMO Financial’s Private Client Group reports 6% drop in Q2 income
BMO Financial Group’ Private Client Group has reported net income of $141 million for the second quarter ended 30 April 2013, down $6 million or 4% from a year ago.