All articles by Verdict Staff
Verdict Staff
Kames Capital unveils two new absolute return bond funds
Kames Capital, a UK-based investment manager, has unveiled two absolute return bond funds following the closure of its Kames Absolute Return Bond fund in February 2015.
Assenagon Asset Management introduces equity fund for Asian markets
Assenagon Asset Management, a German boutique, has rolled out a new high dividend equity fund targeted at some Asian growth markets.
Investec’s wealth & investment arm sees 19.2% rise in operating profit
Investec’s wealth & investment arm has posted an operating profit of £78.8m for the year ended 31 March 2015, up 19.2% compared to £66.1m a year earlier, driven by higher average funds under management, net inflows of £2.7bn and improved operating margins.
Investec to open first Asian wealth management office in Hong Kong
Investec is set to open its first Asian office for its wealth and investment business in Hong Kong, as it eyes international expansion in wealth management.
Private foundations in 2014 distributed more than the minimum 5% required: Foundation Source
In 2014, private foundations with assets of less than $50 million made charitable distributions well in excess of the minimum required 5%, averaging 7.6%, while foundations with less than $1 million averaged distributions of 13.2%, according to the fourth Annual Report on Private Foundations by Foundation Source.
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BNY Mellon fined $180m to settle foreign exchange lawsuit
Bank of New York Mellon (BNY Mellon) has been hit with a penalty of $180m to settle a foreign exchange-related putative class action lawsuit.
Deutsche Bank reshuffles management
In its latest management shake-up, Deutsche Bank has boosted the power of its co-chief executive Anshu Jain.
Waverton Investment Management names new CEO
Waverton Investment Management has hired former Kames Capital head Andrew Fleming as its new CEO.
Net UCITS assets reach EUR9trn mark for the first time in March 2015: EFAMA
Net assets of UCITS break through the EUR 9 trillion mark for the first time in March 2015, according to the European Fund and Asset Management Association’s (EFAMA) latest Investment Funds Industry Fact Sheet, which provides net sales of UCITS and non-UCITS for March 2015.
Bank of Taiwan, Northern Trust sign custody collaboration deal
Bank of Taiwan has signed a custody collaboration deal with Northern Trust to help Taiwan’s investors benefit from access to a solution combining Northern Trust’s global custody and asset servicing capabilities and Bank of Taiwan’s local expertise.