All articles by Verdict Staff
Verdict Staff
AFA joins forces with Sunsuper
The Association of Financial Advisers (AFA) has struck a partnership with Australian superannuation fund Sunsuper.
INDOS Financial to offer AIFMD depositary services to UK private equity funds
INDOS Financial has secured approval from the Financial Conduct Authority (FCA) to extend its Alternative Investment Fund Managers Directive (AIFMD) depositary services to UK private equity and other close-ended alternative investment funds (AIFs).
Old Mutual ditches Pimco, hands over $272m fund back to Bill Gross
Old Mutual Global Investors (OMGI) has transferred the management of its $272m Old Mutual Total Return USD Bond fund back to Bill Gross at Janus Capital Group from his previous firm Pimco.
Deutsche Bank names new CEO as Anshu Jain, Juergen Fitschen resign
Deutsche Bank has appointed John Cryan, a member of Deutsche Bank’s Supervisory Board, as its new co-CEO, through an emergency meeting after the bank’s co-CEOs Anshu Jain and Juergen Fitschen offered to resign.
Lyxor partners Corsair to launch US long/short equity fund
Lyxor Asset Management has joined forces with Corsair Capital Management to introduce new UCITS-compliant US long/short equity fund.
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Equity hedge leads HFRI May gains
Hedge funds posted gains for the fourth consecutive month in May, led by Equity Hedge strategies, with significant contributions from Technology, Healthcare and Fundamental Value exposures, as reported by HFR.
Wilmington Trust appoints two senior wealth professionals for Boston office
Wilmington Trust has appointed Salma Haikal as the new senior private client advisor and Julie Barron as senior private banker for its Boston Wealth Advisory office.
FCA names new directors of enforcement and risk
The Financial Conduct Authority (FCA) of UK has appointed Mark Steward as new director of enforcement and market oversight and Barbara Frohn as new director of risk and compliance oversight.
BNY Mellon UCITS range to merge with Newton emerging markets fund
BNY Mellon is set to merge Newton Global Emerging Markets Fund into its UK-domiciled UCITS range, making it available to UK retail investors.
Global ETF/ETP assets break the $3trn mark in May: ETFGI
Assets invested in ETFs/ETPs listed globally broke through the $3trn milestone at the end of May to reach a new record of $3.015 trn in assets under management (AUM), according to ETFGI’s preliminary monthly ETF and ETP global insight report for May 2015.