All articles by Verdict Staff
Verdict Staff
Hedge fund billionaire Philip Falcone agrees to two-year SEC ban
Hedge-fund billionaire Phil Falcone, sued by Securities and Exchange Commission (SEC) over claims he improperly used client money to pay taxes, has agreed to a two-year ban from serving as a as an investment adviser.
Stifels wealth unit reports marginal rise in Q1 pre-tax operating income
Stifel Financials Global Wealth Management (GWM) segment generated pre-tax operating income of $69.5 million for the first quarter ended 31 March 2013, compared with $68.8 million in the year ago quarter.
Pershing grows its ValueAlliance Program with the addition of four new firms
Pershing LLC, a BNY Mellon company, today announced it has added four new relationships to its ValueAlliance program. The availability of the four new relationships The College for Financial Planning, The Boston Institute of Finance, The Advisor Center, and the Pension Resource Institute will help advisors drive growth, optimize human capital and maximize their operational efficiency.
MTS to launch bond platform for US institutional investors
MTS, a leading European electronic fixed income marketplace, has announced plans to launch a platform for US institutional investors.
BNY Mellon Investment Management names new head of performance analytics
BNY Mellon Investment Management has named Bruce Feibel as head of performance analytics with responsibility for leading performance and risk analysis processes to support oversight of the companys investment managers.
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Canaccord appoints new business development manager for Middle East
Canaccord Genuity Wealth Management has appointed Richard Burden as business development manager, focusing specifically on the Middle East.
Altisource Asset Management Corporation reports first quarter 2013 results
Altisource Asset Management Corporation announced today financial and operating results for the first quarter 2013. Net loss attributable to stockholders for the quarter totaled $840,000 or $0.36 per share based on 2.3 million shares outstanding.
BMO Survey: Canadians Plan to Spend an Average of $107 on Mother’s Day-Up 27 Per Cent from 2012
According to BMO’s 2013 Mother’s Day Survey, Canadians plan to spend an average of $107 on mom this year, up from $84 in 2012.
Mexico, India and Turkey to buck sector underperformance: ING IM
ING Investment Management’s (ING IM) strategists are of the opinion that Mexico, India and Turkey will buck sector underperformance and possess potential for further growth, according to Fundweb.
Daniel Needham named global CIO for Morningstar Investment Management
Morningstar, a leading provider of independent investment research, announced that Daniel Needham, CFA, has been appointed global chief investment officer for Morningstar Investment Management and managing director for Morningstar Investment Management Europe.