All articles by Verdict Staff
Verdict Staff
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.
REYL & Cie names new investments and portfolio management head
Swiss wealth and asset manager REYL & Cie has recruited Cédric Özazman as its new head of investments and portfolio management.
Towry names Ashcourt Rowan executive as its new sales strategy head
Towry has named Ashcourt Rowan’s managing director Steven Midgley as its new head of sales strategy and operations.
Broadridge bolsters wealth management business with two new hires
Broadridge Financial Solutions has hired Liz Pedersen as its new senior vice president of wealth managed services and Traci Mabrey as its new head of wealth solutions.
Six global banks fined $5.7bn for rigging benchmark rates
Six major global banks have been penalized with hefty fines totaling about $5.7bn by the UK and US regulators for manipulating the foreign exchange market.
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CBOE, Eurekahedge partner to develop hedge fund benchmarks
Chicago Board Options Exchange (CBOE) and Eurekahedge, a hedge-fund research and data collection company, have agreed to join forces to develop hedge fund benchmark indexes to measure performance of hedge funds that use volatility-based investment strategies.
Investcorp hires chief risk officer for hedge funds business
Investcorp, a provider and manager of alternative investment products, has hired Sunil Gaglani as chief risk officer for its hedge funds business.
Reliance Capital Asset Management to launch fund for South Korean investors
Indias Reliance Capital Asset Management (RCAM) is reportedly planning to launch an Indian equity fund targeting South Korean investors.
CalPERS inks $1bn Asia-Pacific infrastructure partnership With QIC
The California Public Employees’ Retirement System (CalPERS) has inked a $1bn Asia-Pacific infrastructure partnership with Australia-based QIC, an Australia-based alternatives investment firm and institutional investment manager.
UAE’s RakBank unveils gold investment tool for HNW customers
UAE-based RakBank has launched a gold investment tool, dubbed RakGoldInvest, which allows the bank’s high-net-worth (HNW) clients to invest in gold electronically without having to store or move the gold.