All articles by Verdict Staff
Verdict Staff
Strong private equity fundraising continues in 2014, says Preqin
The private equity fundraising market in 2014 has seen a total of $486bn in capital commitments spread between the lowest number of funds in any year since 2009, according to Preqin.
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.
US equity funds outperform again in 2014, Morningstar Canada data show
Mutual funds in Canada offered generally positive results in 2014, despite a sharp increase in volatility in the last four months of the year, reveals Morningstar Canada data.
BNY Mellon completes acquisition of Cutwater Asset Management
BNY Mellon has completed the acquisition of Cutwater Asset Management, a US-based fixed income specialist with $23bn in assets under management.
FCA fines BES’ London arm for violating listing rules
The Financial Conduct Authority (FCA) of UK has fined the London-based investment banking unit of Portugal’s Banco Espírito Santo (BES) for breaching listing rules.
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Private equity-backed buyout deals and exits in 2014 reach highest levels since global financial crisis: Preqin
Year 2014 represented the highest ever aggregate exit value for private equity buyout fund managers, with a total of 1,604 exits globally valued at $428bn, according to Preqin.
Standard Life Investments looking for partners to grow business in Asia- report
Standard Life Investments (SLI), the asset management unit of Standard Life, is reportedly looking for strategic partnerships in China, Taiwan and Southeast Asia for product development and distribution.
DST buys strategic advisory firm kasina
DST, a provider of strategically unified data management, business processing, and customer communication solutions, has purchased kasina, a US-based strategic advisory firm to the asset management industry.
Newton Investment Management restructures multi-asset range
BNY Mellons Newton Investment Management has restructured its multi-asset range by renaming three funds in its mixed-asset rang and cutting charges on two of its t funds.
Morgan Stanley terminates employee for stealing clients personal data
Morgan Stanley has sacked an employee for stealing personal data of the banks nearly 900 high net worth clients.