All articles by Verdict Staff
Verdict Staff
Cayman Islands passes amendment, makes way for AIFMD compliance
The Cayman Islands Government has passed an amendment allowing the jurisdictions regulator to enter a memoranda of understanding with its EU counterparts, with the aim of facilitating the marketing of Cayman hedge funds in the European Union, reports Hedge Week.
David Pye Joins Broadstone as senior consultant
David Pye has been appointed as a senior consultant, with responsibility for developing Broadstones presence in the north of the UK.
Berenberg appoints CIO
Berenberg has appointed Stefan Keitel as CIO to strengthen its private banking and asset management activities.
Legal & General to buy out Cofunds for GBP131 million
Legal & General Group (L&G) has agreed to buy out the 75% of Cofunds Holdings Ltd. it does not own already for GBP131 million (US$199 million) in cash to boost its electronic platforms.
Gottex Fund Management back to operational profitability in 2H 2012
Hedge fund manager Gottex has returned to operational cash flow profitability in the second half of 2012. However, gross revenues for 2012 has decreased by 18% to US$47.9 million as compared to US$58.6 million in 2011.
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New Libor rules by FSA
The UKs Financial Services Authority (FSA) has finalised new rules to control Libor and other financial benchmarks.
Bursa Malaysia Facilitates Listing Of Business Trusts And Foreign Collective Investment Schemes
In line with the objective to promote market and product innovation, Bursa Malaysia today issued its amended rules to enable the listing of business trusts on the Main Market of Bursa Malaysia Securities Berhad (the Exchange).
Citi extends common depository services to Asia Pacific
Citi has extended its Common Depository (CD) services to Asia Pacific, following the appointment by Euroclear Bank and Clearstream, the International Securities Depositories (ICSDs), to provide sub-depository services from Hong Kong.
BlackRock fund manager Mark Lyttleton to leave
US-based investment and risk management firm BlackRock has announced that fund manager Mark Lyttleton will leave the firm after his 21-years tenure.
BMO Harris Private Banking Appoints New Head in British Columbia
BMO Harris Private Banking today announced the appointment of Jennifer Muench as Vice-President and Managing Director, BMO Harris Private Banking, British Columbia.