All articles by Verdict Staff

Verdict Staff

Level Global agrees to pay $21.5m to settle SEC insider trading charges

American hedge fund advisory firm Level Global Investors LP has agreed to pay more than $21.5 million to settle US regulatory claims that it engaged in repeated insider trading in Dell Inc. and Nvidia Corp. (NVDA) securities.

Credit Acceptance Announces First Quarter 2013 Earnings

Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $60.6 million, or $2.48 per diluted share, for the three months ended March 31, 2013 compared to consolidated net income of $50.3 million, or $1.92 per diluted share, for the same period in 2012.

New ECB survey on credit terms and conditions in euro-denominated securities financing

The European Central Bank (ECB) is today publishing for the first time a report on the results of a new qualitative survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets (SESFOD). This survey is part of an international initiative to enhance the monitoring of credit terms and conditions in these wholesale financial markets.

Broadridge launches new solution to increase brokers’ post-trade operational efficiency

Broadridge Financial Solutions has launched SWIFT Global Electronic Trade Confirmation solution for brokers to automate buy-side services and increase post-trade operational efficiency.

FF&P Private Equity Acquires Specialist UK Energy Efficiency Company, FIT

FF&P Private Equity (‘FF&P’), the private equity business of Fleming Family & Partners, has backed the buy-in management buy-out of specialist energy efficiency business, FIT.

Artisan Partners AUM rises by 25% in Q1

Artisan Partners Asset Management Inc. has reported assets under management (AUM) of $83.2bn for the first quarter ended 31 March 2013, a 25.1% increase compared to $66.5bn for the same period of 2012.

Banesco boosts profits, grows loans by $45M

Banesco USA enjoyed a greater profit in the first quarter as it grew its loan portfolio by $45.1 million

Palmer Square Capital Management hires industry veteran Jeffrey Fox

Palmer Square Capital Management, an investment management firm that provides portfolios of structured credit, collateralized loan obligations (CLOs) and hedge fund strategies to a wide range of investors, today announced that Jeffrey Fox has joined the team as executive director.

Conning and Ramius Alternative Solutions announce strategic alliance

Conning, a provider of asset management services for the insurance industry, and Ramius Alternative Solutions (RASL), which develops and manages customized alternative investment portfolios, announced today that they have entered into a strategic alliance.

Private equity optimism growth set stage for increased deal making: McGladrey survey

Private equity firms are in a state of growth and considerable optimism, according to newly released results from the 2013 McGladrey Private Equity Survey.