All articles by Verdict Staff
Verdict Staff
California tops list of US states with largest UHNW population: Report
California is home to 13,445 ultra high net worth (UHNW) individuals, making it the state with the largest UHNW population in the US, according to a Wealth-X special report on UHNW wealth in America.
Old Mutual GI names new emerging market debt head
Old Mutual Global Investors (Old Mutual GI) has hired John Peta as its new head of emerging market debt.
Genstar Capital to buy Mercer Advisors from Lovell Minnick Partners
Genstar Capital, a San Francisco-based middle market private equity firm, has inked a definitive agreement to partner with management in buying majority interest in Mercer Advisors from private equity firm Lovell Minnick Partners.
Calastone adds NBAD to its global transaction network
Calastone has added the National Bank of Abu Dhabi (NBAD) Global Asset Management to its global order routing community.
Private funds pose most systemic asset management risk: Fitch Ratings
Private funds, i.e. hedge funds, pose the greatest systemic risk for the investment management sector based on key risk indicators identified by the Financial Stability Board’s (FSB) latest consultation paper, according to Fitch Ratings.
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JPMorgan AM slashes charges on Fusion fund range
JPMorgan Asset Management (JPMorgan AM) has slashed annual charges on its Fusion fund range, to improve the competitiveness of the portfolios.
Elian launches funds compliance services in Jersey
Elian has rolled out a comprehensive suite of professional compliance services to mitigate regulatory burden of clients, in anticipation of fast-changing developments in Jerseys regulatory environment.
FCA to evaluate asset management fees
UK’s Financial Conduct Authority (FCA) is set to launch a market study on asset management to examine charges paid by investors and the factors driving the charges.
Morgan Stanley CFO departs to join Google
Morgan Stanleys CFO Ruth Porat has resigned from her position to become technology giant Googles new finance chief.
Carlyle to buy majority stake in Conifer Financial Services
Alternative asset manager The Carlyle Group has agreed to buy a majority stake in independent asset services firm Conifer Financial Services.