All articles by Verdict Staff
Verdict Staff
Aberdeen to buy FLAG Capital, expands alternatives footprint in US
Aberdeen Asset Management has agreed to acquire FLAG Capital Management (FLAG), a private equity manager with US and Asia-focused investment capability.
92% of hedge fund industry capital concentrated among top 11% of fund managers: Preqin
The hedge fund industry has now reached $3.16tn in assets as of the end of Q1 2015, but a growing proportion of these assets are concentrated among a small pool of large managers, according to a report by Preqin.
Deutsche Bank fined $55m for misstating financial reports
Deutsche Bank has agreed to pay a penalty of $55m to the US Securities and Exchange Commission (SEC) for filing misstated financial reports regarding a derivatives portfolio and inflating its value during the height of the financial crisis.
Mercer deploys Bravura Solutions’ unified wealth management platform
Superannuation consulting firm Mercer has implemented Bravura Solutions’ unified wealth management platform to enhance its wealth administration business.
REYL & Cie to expand in Malta
REYL & Cie, a privately owned investment manager based in Geneva, has obtained a category-4a license from the Malta Financial Services Authority to set up a new subsidiary in Malta.
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Skagen rolls out new equity fund
Skagen Funds, a Norway-based fund manager, has introduced a new concentrated, long only global equity fund.
OM Asset Management appoints institutional head for UK and Ireland
OM Asset Management, Old Mutual’s fund management unit, has hired Trevedi Tewari as head of institutional for the UK and Ireland, effective 1 June 2015.
East Capital Asia secures asset management license from Hong Kong SFC
East Capital Asia, a subsidiary of East Capital, has secured an asset management license and a securities advice license from the Hong Kong Securities and Futures Commission (SFC).
Saga-Tilney JV names new managing director
Saga Investment Services, the investment and financial planning joint venture of Saga and Tilney Bestinvest, has appointed Nicola Audhlam-Gardiner as the new managing director.
8 Securities rolls out first robo-advisor service in Japan
Asia’s mobile trading and investing service 8 Securities has introduced the first robo-advisor service in Japan.