All articles by Verdict Staff
Verdict Staff
South Africa holds largest share of foreign investment in Africa: UNCTD report
The largest share of Foreign Direct Investments (FDI) in the African continent is being received by South Africa, rising more than five-fold from US$1.25 billion in 2010 to US$6.7bn in 2012, revealed a report issued by the United Nations Conference on Trade and Development (UNCTD).
Maze Capital signs agreement with Montreaux Capital
Maze Capital has signed an agreement with Montreaux Capital to promote its UK Care Home Fund in the Middle East, reported International Advisor.
Wells Fargo Advisors Names Martin Skea Head of Client Contact Center
St. Louis based Wells Fargo Advisors has named Martin Skea as Managing Director, Head of the Client Contact Center. Skea will be responsible for leading the firms brokerage call centers, and will play a vital strategic role in expanding the firms capacity to meet the investment needs of mass market and mass affluent customers throughout Wells Fargo.
Prudential gets fined GBP30 million by FSA
The Financial Services Authority (FSA) has fined Prudential GBP30 million (US$45.4) and censured chief Tidjane Thiam over not having followed the correct protocol in notifying the UK regulator ahead of its GBP23 billion bid for AIGs Asian arm, AIA, in 2010.
Generli develops technical microsite for advisers
Generali International has developed a ‘microsite’, GITechLife, offering financial advisers technical support for the tax treatment of international investment bonds, reports International Adviser.
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Henley Group launches new assessment tool
The Henley Group Limited, a Hong Kong-based wealth and investment management services provider, has launched the Henley Fair Index, as part of its response to The Monetary Authority of Singapores (MAS) Financial Advisory Industry Review (FAIR).
Neuberger Berman MLP Income Fund Announces $1 Billion Initial Public Offering
Neuberger Berman MLP Income Fund Inc. (the Fund), a newly organized closed-end fund, announced today the completion of pricing for its initial public offering.
Schroders to challenge Jupiter Merlin range
Schroders plans to challenge John Chatfeild-Robertss Jupiter Merlin franchise, following its acquisition of UK wealth manager Cazenove Capital, by combining the Cazenove funds to its own multi-asset range, reported Investment Week.
Eaton Vance Municipal Income Term Trust (ETX) Raises $205 Million in Initial Public Offering
Eaton Vance Corp. (NYSE: EV) announced today the initial public offering of common shares of Eaton Vance Municipal Income Term Trust (the Trust), a new closed-end fund.
Brown Advisory surpasses US$1 billion in US Equity growth UCITS Fund
Brown Advisory’s assets in its US Equity Growth Fund have surpassed the US$1 billion mark, reporting a 20% growth in its institutional and private client assets per year.