All articles by Verdict Staff
Verdict Staff
Things are looking up for hedge fund investors: GAM
Hedge funds are set for gains, according to Anthony Lawler, portfolio manager at Swiss asset manager, GAM.
SEC charges city of Harrisburg for fraudulent public statements
The Securities and Exchange Commission today charged the City of Harrisburg, Pa., with securities fraud for its misleading public statements when its financial condition was deteriorating and financial information available to municipal bond investors was either incomplete or outdated.
ING completes sale of Thai investment management unit to UOBAM
Dutch financial services firm ING Group NV has completed the sale of its investment management business in Thailand to UOB Asset Management Ltd (UOBAM).
FINRA warns brokerage firms about misleading investors in non-traded REITs
After a review, the Wall Street watchdog, Financial Industry Regulatory Authority (FINRA), has warned brokerage firms about the way they market some real estate investment trusts (REIT).
NASDAQ OMX and World Steel Exchange Marketing Announce Strategic Partnership
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), and World Steel Exchange Marketing, LLC (WSEM), founded by World Steel Dynamics (WSD) in 2009, today announced a strategic partnership to develop financially settled steel and steel scrap futures products to be traded on the NASDAQ OMX Futures Exchange, Inc. (NFX).
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Trustee Discretionary Portfolio Managers perform solidly in Q1, says TMPI
First quarter performance numbers from the Trustee Managed Portfolio Indices (TMPI) show that trustees were rewarded with solid performance for entrusting their funds to discretionary portfolio managers.
Architas funds go live on Aegon platforms
Architas has made its range of risk-rated investment funds available on Aegon Platform, Aegon Retirement Choices (ARC) and Aegon’s pension solution One Retirement.
NASDAQ OMX Launches WorkSpace
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of WorkSpace, a new cloud computing platform that will expand the company’s Corporate Solutions client base and enter the burgeoning virtual data room (VDR) market.
Duncan Lawrie mulling over expanding private banking business in India
Duncan Lawrie Private Banking, a part of the UK-based Camellia Group, is eyeing the private banking business space in India to make use of the Reserve Bank of Indias (RBI) liberalised remittance scheme to invest in the overseas market.
OCBC Bank net profit after tax down 16% in Q1
Oversea-Chinese Banking Corporation Limited (OCBC) has reported a net profit after tax of S$696 million (US$ $564 million) for the first quarter of 2013, 16% lower than S$832 million a year ago, and 5% higher than S$663 million the previous quarter.