All articles by Verdict Staff
Verdict Staff
Hedge funds to attract $90bn to $110bn in 2015, says eVestment
Hedge funds should be poised for another strong year in 2015, attracting at least $90bn to $110bn in new assets during the year, according to eVestment’s 2015 Hedge Fund Industry Outlook.
Investors pull $19.4bn from PIMCO fund
December monthly net flows for PIMCO Total Return Fund were estimated at -$19.4 billion. The average daily pace of outflows remained significantly slower from the peak rate in late September and early October 2014. The Fund had $143.4 billion of assets at the end of December.
Avista Advisory names new vice chairman for Asia-Pacific region
Avista Advisory Group, the pan-Asian advisory firm headquartered in Singapore, and Houlihan Lokey, the international investment bank with a minority stake in Avista, have appointed Sui Ling Cheah has joined Avista as vice chairman of Asia Pacific.
Nasdaq to acquire US index provider Dorsey Wright for $225m
Nasdaq has agreed to acquire Dorsey Wright, a US index provider and analytics group from Falfurrias Capital Partners for $225m to expand its presence into indexing and the exchange traded funds market.
VP Bank Group appoints new fund business head
VP Bank Group has named Eduard von Kymmel as new head of its entire fund business in Luxembourg and Liechtenstein.
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Investec joins growing list of bidders for Coutts International-report
Anglo-South African financial services group Investec has too joined the list of bidder eyeing to buy Coutts International, the overseas wealth management arm of Royal Bank of Scotland (RBS), Sky News has reported.
Ultra-wealthy investors prefer to invest in hedge funds: Spectrem
Overall, 42% of ultra-wealthy investors with a net worth of $25m or more invest in hedge funds and this percentage increases as wealth increases; however, decreases as investors get older.
Tencent launches private online bank in China
Chinas internet giant Tencent has launched the countrys first private online-only bank.
AllianzGI launches new fund for emerging market bonds
Allianz Global Investors (AllianzGI) has come up with its second closed-end fund for emerging market bonds.
Foreign firms eye US market to cash in on its wealth growth
Foreign firms are increasingly targeting the US market, even as tax evasion scams and disclosure requirements have made doing business in the US more challenging, reports Euro Money.