All articles by Verdict Staff
Verdict Staff
VAM forays into South Africa with 11 funds
VAM Funds, a Luxembourg-domiciled fund manager, has rolled out 11 funds in South Africa, marking its foray into the region.
UBS dilutes stake in China Cinda Asset Management
Swiss lender UBS has trimmed its stake in China Cinda Asset Management, a Chinese state-owned bad debt manager.
Bellpenny acquires Winchester-based wealth firm
UK-based wealth manager Bellpenny has acquired Winchester-based City Wealth Management Independent Financial Advisers continuing its acquisition spree following the purchase of Farnham-based advisor Legal and Professional Services in March 2015.
RBS to sell Luxembourg fund management unit amid restructuring
Royal Bank of Scotland is planning to sell its Luxembourg-based fund management arm as part of a restructuring plan to focus on the UK commercial and retail banking market.
Smith & Williamson appoints new associate director
Smith & Williamson has hired Lucy Mitchell as its new associate director for developing its discretionary proposition.
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Polar Capital AuM slides to $12.3bn
Investment firm Polar Capital’s total assets under management at the end of March this year stood at $12.3bn, a decline of more than 6% compared with $13.2bn a year ago.
Nippon Life mulls acquisition of overseas asset managers-report
Japan-based Nippon Life Insurance is reportedly mulling acquisitions in developed and emerging markets, including asset managers in the US to diversify its sources of income.
Envestnet invests in AlphaHedge Capital Partners
Envestnet has made a strategic investment in AlphaHedge Capital Partners, which provides access to long/short equity strategies through separately managed accounts (SMAs).
Artorius Wealth to open headquarters in Manchester
Financial management company Artorius Wealth, which has offices in London and Zurich, has reportedly decided to set up its headquarters in Manchester.
BTG Pactual to open wealth management branch in Miami
Brazilian financial company Grupo BTG Pactual is reportedly planning to open a wealth management branch in Miami between September and October this year.