All articles by Verdict Staff
Verdict Staff
Traditional institutional asset management industry sees net $22.7bn inflows in Q3: eVestment
Coming back from $80bn in outflows in the second quarter of this year, the global traditional institutional asset management industry saw net inflows of $22.7bn in the third quarter of 2014, according to eVestment’s newest report covering global asset flows in the traditional, long-only institutional investor asset management industry.
Majedie Asset Management’s co-founder to step down in June
Adam Parker, co-founder of Majedie Asset Management, is planning to step down from the firm on 30 June 2015 after 27 years in the fund management industry.
Bank adviser numbers drop 11% in 2014, FCA figures reveals
This year, the number of bank and building society advisers recorded a continued drop, while the number of financial advisers saw a slight fall, revealed latest Financial Conduct Authority (FCA) figures.
More investors are taking advantage of hedge funds and alternative investments, says Spectrem
More investors now are taking advantage of hedge funds and alternative investments to build their portfolios, according to a report by Spectrem.
Nippon Life to raise stake in Reliance Capital to 49%
Japanese financial services giant Nippon Life Insurance has agreed to raise its stake in Indias Reliance Capital Asset Management Company (RCAM) to 49% from 26%.
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HSBC’s Swiss private banking unit to pay $12.5m to settle SEC claims
HSBC’s Swiss private banking unit has agreed to pay $12.5m to the US Securities and Exchange Commission (SEC) to settle charges that it violated federal securities laws by providing unregistered cross-border brokerage and investment advisory services to US clients.
The Investment Migration Council appoints CEO
The Investment Migration Council, the worldwide association which represents professionals in the investment migration industry, appointed Bruno L’ecuyer as its first CEO.
US prosecutors to quiz forex traders in London
US prosecutors are reportedly moving to London to interview forex traders over currency market manipulation.
BNY Mellon launches new wealth management initiative in Hong Kong -report
BNY Mellon’s Hong Kong unit has launched a new wealth management initiative under which the bank will lure foreign money using a two-fold strategy.
Emerging markets hedge fund growth stalls as US dollar gains: HFRI
Hedge fund capital invested in Emerging Markets posted a narrow gain for the third quarter as EM, Currency and Commodity Volatility all increased driven by a continuum of geopolitical and macroeconomic developments, according to HFRI.