All articles by Verdict Staff
Verdict Staff
Swiss Re to sell 15% stake in Brevan Howard Asset Management-report
Zurich reinsurer Swiss Re is planning to divest its minority stake in Brevan Howard Asset Management, which manages more than $30bn in hedge funds.
Infrastructure funds get larger in 2014: Preqin
Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013, according to Preqin.
Raymond James lures $850m advisory team from BNY Mellon to launch new advisory firm
Raymond James Investment Advisors, a division of Raymond James Financial, has lured two advisers from Bank of New York Mellon to set up a new advisory firm based in Tampa, Florida.
Broadridge Financial acquires TwoFour Systems
Broadridge Financial Solutions has acquired TwoFour Systems, the technology subsidiary of TwoFour Holdings, to address the rising demand for advanced FX and cash management technology among financial institutions.
Penn Mutual launches Penn Mutual Asset Management
The Penn Mutual Life Insurance Company (Penn Mutual) has launched the Penn Mutual Asset Management, which is a registered investment adviser and wholly owned subsidiary of Penn Mutual.
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Hong Kong SFC issues restriction notice on Goodcape Securities
The Hong Kong Securities and Futures Commission (SFC) has issued a Restriction Notice on Goodcape Securities Limited (GSL) prohibiting the firm from carrying on all regulated activities under the Securities and Futures Ordinance (SFO).
Global Prime Partners names new COO
Global Prime Partners, a UK-based provider of prime brokerage and trading services to hedge funds, has named Andrew Bole as its new COO.
Morgan Stanley lures $6.5bn advisory team from Merrill Lynch
Morgan Stanley Wealth Management has lured a team of three financial advisors from Bank of America Merrill Lynch that managed neraly $6.5bn in client assets for wealthy individuals and institutional clients.
Andersen Tax expands presence into Germany and Luxembourg
Andersen Tax has opened a new office in Germany through the addition of Alegis Gmbh Steuerberatungsgesellschaft in Düsseldorf and a satellite in Luxembourg through Alegis S.a.r.l.
Mirabaud Asset Management strengthens equities team with new hire
Swiss boutique Mirabaud Asset Management has expanded its equities team by hiring Patrick Huber as new senior portfolio manager.