All articles by Verdict Staff
Verdict Staff
Atlantic Trust opens office in Florida
Atlantic Trust, the US private wealth management arm of CIBC, has opened a new office in West Palm Beach, Florida.
ING Investment Management renamed as NN Investment Partners
Dutch asset manager ING Investment Management, which manages approximately EUR186bn in assets, has rebranded itself as NN Investment Partners.
Target-date mutual funds have better investor returns than other investment categories: Morningstar
The asset-weighted average investor returns of target-date funds, which take fund flows into account to estimate a typical investor’s experience in a fund, are 1.1 percentage points higher than the funds’ average total returns, according to the 2015 Target-Date Fund Landscape Report by Morningstar.
Hedge funds add $7.2bn in February: report
The hedge fund industry took in $7.2 billion (0.3% of assets) in February, the strongest inflow in the past six months and a turnabout from Januarys outflow of $11.2 billion (0.5% of assets), according to a report by BarclayHedge and TrimTabs Investment Research.
Oppenheimer Asset Management names new president
Oppenheimer Asset Management, a unit of Oppenheimer Holdings, has named Bryan McKigney as its new president, effective April 15.
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Oddo & Cie acquires Meriten Investment Management
French asset manager Oddo & Cie has bought Germany’s Meriten Investment Management from BNY Mellon, creating an asset manager that will manage assets worth over EUR40bn.
Focus Financial adds Fiduciary Group to its network
Focus Financial Partners has added Fiduciary Group, a $600m registered investment adviser based in Savannah, Georgia, to its network.
Volatility drives affluent investors from equities: Spectrum Group
Market volatility as well as a stormy political climate are driving affluent investors back to the sidelines, according to a new Spectrem Group investment preferences survey.
Infrastructure sukuk challenge significant but achievable endorsement policy: Fitch
The G20 group of nations’ decision to examine the use of sukuk to finance infrastructure investment could eventually spur a big increase in the size of the market, said Fitch Ratings.
Vantage launches $100m SMSF-ready private equity fund
Vantage Asset Management has launched a new $100m private equity fund of funds to improve self-managed super fund (SMSF) investors’ access to the asset class.