All articles by Verdict Staff
Verdict Staff
Singapore’s accredited investors facing shortage of high yield risk products
Accredited investors in Singapore are frustrated by dwindling risk opportunities as asset management firms are more inclined towards launching funds that are accredited by the government as appropriate for sale to retail investors, journal Asia Asset Management quoted Andrew Chan, Threadneedle’s head of product and business development for the Asia Pacific.
Neuberger Berman hires 22 emerging markets debt investment professionals
Neuberger Berman Group , one of the worlds leading employee-controlled money managers, today announced it has hired 22 emerging markets debt (EMD) investment professionals, 19 of whom have joined the firm from ING Investment Management, where they managed over US$16 billion in EMD assets.
Prudential Financial, Inc. announces first quarter 2013 Results
Prudential Financial, Inc. reported after-tax adjusted operating income for its Financial Services Businesses of $1.079 billion ($2.28 per Common share) for the first quarter of 2013, compared to $765 million ($1.61 per Common share) for the year-ago quarter.
Millionaires optimistic about real estate market
Millionaires are optimistic that the real estate market will continue to improve over the next one to two years. In fact, close to 80%of millionaires, those with US$1-5 million of net worth, believe that the recovery will continue, according to new Spectrem report.
After the crisis high net worth investors expect more from their advisors: BNY Mellon White Paper
In the wake of the financial crisis, advisors to either institutional investors or high net worth investors need a drastically different set of skills and personal qualities to succeed, according to a white paper just released by BNY Mellon, the global leader in investment management and investment services.
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BNY Mellon enhances transfer gency offering with new retrocession servicing capabilities
BNY Mellon, the global leader in investment management and investment services, has further enhanced its global transfer agency offering with a new retrocession servicing capability that enables asset managers to process fees and commissions more efficiently.
Sterling Financial Corporation and Commerce National Bank Announce Agreement for Sterling to Acquire Commerce National Bank
Sterling Financial Corporation and Commerce National Bank today announced that the Company and its principal operating subsidiary, Sterling Savings Bank, have entered into a definitive agreement to acquire CNB for cash consideration of $15.10 per common share. Including the planned redemption of outstanding CNB stock options and warrants for cash, the aggregate transaction value is approximately $42.9 million.
Trust Co. partners with RIA in a Box to help breakaway brokers
Trust Company of America (Trust Co.), an independent technology and custody provider for RIAs, has entered into a strategic alliance with RIA in a Box, a RIA registration and compliance firm, to help breakaway brokers.
American investors pull $608 million from domestic stock funds: ICI
Mutual funds investors pulled $608 million out of funds that hold only US stocks in the latest week, according to data released by Investment Company Institute (ICI).
Santander Private Banking (UK) appoints new managing director
Santander Private Banking (UK) has appointed Sue Hayes as its new managing director, subject to FSA approval.