All articles by Verdict Staff

Verdict Staff

Investor sentiment a mixed bag amidst flurry of macroeconomic signals: E*TRADE Financial

While divided over market direction, experienced investors have a more unified view on where to find opportunities this quarter, according to E*TRADE Financial’s quarterly tracking study of experienced investors.

Praxis, IFM merger gets regulatory nod

The merger of Guernsey-based Praxis Group and Jersey-based IFM Group has secured the go-ahead from regulators, which will lead to the creation of an independent and owner-managed financial services group named Praxis IFM based in the Channel Islands.

Wunderlich Investment buys Dallas-Based investment advisory firm

Wunderlich Investment Company (WIC) has acquired Fiduciary Financial Services of the Southwest, a Dallas, Texas-based privately-held independent investment advisory firm.

Warrington Asset Management expands outside of Morgan Stanley network

Dallas-based Warrington Asset Management has spin out from Morgan Stanley and is now open as an alternative asset management advisor to new clients.

CIFA partners King & Wood Mallesons to develop Cyprus’ investment funds framework

The Cyprus Investment Funds Association (CIFA) has joined forces with law firm King & Wood Mallesons (KWM) to develop the legal and regulatory framework for investment funds in Cyprus.

Europe’s first Islamic bank to open doors on 1 July

Kuveyt Turk Bank is set to open doors in Frankfurt, Germany as Europe’s first fully-functional Islamic bank on 1 July.

Xchanging joins forces with Sphonic for risk management solutions

The financial services division of Xchanging has signed a partnership with Sphonic, a London-based risk management company.

Invesco Q1 net income surges 38%

Invesco has registered a net income attributable to common shareholders of $259.6m on a GAAP basis for the first quarter of 2015, up 38.2% compared with $187.8m a year ago.

Kames Capital names treasury head

Kames Capital, a UK-based asset manager, has named Brian Jack as head of treasury, a newly created role that combines responsibilities from a variety of positions.

Northern Trust launches new portfolio analytics and compliance service

Northern Trust Hedge Fund Services has launched a new portfolio analytics and compliance (PAC) service to address the demands for transparency and operational controls faced by alternative investment managers.