All articles by Verdict Staff

Verdict Staff

PE funds will invest in Africa

More than 45 Africa-focused private equity funds are looking to raise US$12 billion funds to invest in the continent, according to a report by the African Venture Capital Association and Ernst & Young, reports zawya.com.

UK’s home owners buoyed by help to buy mortgage scheme

Households’ expectations of future house prices jumped up, buoyed by the prospect that government housing schemes will push up mortgage lending and housing demand, reports cityam.com.

BlackRock’s McLeod-Clarke to relinquish UK Income fund

Nick McLeod-Clarke, manager of the £698 million BlackRock UK Income fund, is taking long-term sick leave and is immediately handing over managerial control of his funds.

Associated Reports First Quarter Earnings of $0.27 per share

Associated Banc-Corp (NASDAQ: ASBC) today reported net income to common shareholders of $46 million, or $0.27 per common share, for the quarter ended March 31, 2013.

ABP settles RMBS dispute with Goldman Sachs

Dutch pension fund Stichting Pensioenfonds ABP has reached a deal to settle a legal dispute with Goldman Sachs Group Inc. about residential mortgage-backed securities, or RMBS, the pension fund bought from the investment bank between 2005 and 2007, Dow Jones Newswires reported.

Blackstone and CityView Break Ground on Final Phase of Barker Block

Blackstone in partnership with CityView today announced that construction has begun for the final phase of Barker Block, a residential community in the Arts District of downtown Los Angeles.

Standard Chartered acquires custody business in South Africa from Absa Bank

Standard Chartered will acquire the South African custody and trustee business of Absa Bank.
This acquisition builds on the significant investment Standard Chartered has already made in its African franchise.

Centerline Capital Group Refinances a Multifamily Property in New York City

Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced today that two members of its New York office – Chad Musgrove and Kris Molloy – originated a $6 million Freddie Mac loan to refinance The Kenilworth, a multifamily facility located on the Upper East Side of New York City.

New debt securities association launched in Ireland

Irish minister for Jobs, Enterprise and Innovation, Richard Bruton, has formally launched the Irish Debt Securities Association (ISDA) in Dublin.

Isle of Man signs Tax Agreement with Argentina

The TIEA was signed by Argentina’s Federal Administrator, Dr. Ricardo Echegaray, and by Manx Treasury Minister, Eddie Teare MHK. This is the Isle of Man’s 27th TIEA and its 33rd agreement that meets the OECD international standard on tax co-operation and transparency.