All articles by Verdict Staff
Verdict Staff
Weatherbys Private Bank hires new CIO
UK-based Weatherbys Private Bank has appointed John Butters as its new chief investment officer (CIO).
Goldman Sachs net income slumps 60% in Q1
Goldman Sachs has posted a net income of $1.13bn for the first quarter of 2016, down 60% from $2.84bn in the year-ago quarter.
Ashmore Group AuM rises to $51.3bn in Q3
British fund manager Ashmore Group has said that its assets under management (AuM) increased 4% to $51.3bn during the third quarter ended 31 March 2016 from $49.4bn in the previous quarter, driven by strong returns from emerging markets.
GAM investment management AuM slumps 7% to CHF67.3bn
Swiss money manger GAM Holding has said that assets under management (AuM) in its investment management unit dropped 7% to CHF67.3bn in the first quarter of 2016 from CHF72.3bn in the previous quarter, due to net outflows and the negative impact from a weakening of the US dollar and the British pound.
Aberdeen poaches new global distribution head from Columbia Threadneedle
Aberdeen Asset Management has hired Columbia Threadneedle Investments CEO for EMEA Campbell Fleming as its new global head of distribution.
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BofA to transfer management responsibilities of $80bn assets to BlackRock
BlackRock and Bank of Americas asset management business, BofA Global Capital Management, have signed a deal to transfer investment management responsibilities of approximately $80bn of AUM currently managed by BofA Global Capital Management to BlackRock.
Charles Stanley FUM dips 4%; investment management head to depart
British wealth manager Charles Stanleys funds under management and administration stood at £20.5bn at the end of 31 March 2016, a fall of 3.8% compared to £21.3bn a year ago.
The Capital Partnership to take over Northgate Capital
British asset manager The Capital Partnership has agreed to fully acquire US-based Northgate Capital from Religare and members of Northgate’s management team for an undisclosed amount.
Towry profit almost halves in 2015 to £4.2m
British wealth manager Towry, which has been recently acquired by Tilney Bestinvest, has reported an operating profit of £4.2m for 2015, down 49.4% compared to £8.3m a year ago.
Edmond de Rothschild rolls out new UK equity fund
Edmond de Rothschild Asset Management has unveiled a new UK equity fund, known as the Edmond de Rothschild Fund UK Synergy, which will target mergers and acquisitions (M&A) and corporate restructuring.