All articles by Verdict Staff
Verdict Staff
ASIC takes civil action against LM founder and former directors
ASIC has started legal action against LM Investment Management (LMIM) founder, Peter Charles Drake, and former directors, seeking financial penalties and banning orders following the collapse of the Gold Coast-based fund manager.
Wells Fargo’s ECM Asset Management to launch new infrastructure debt fund
ECM Asset Management (ECM), an investment management firm owned by Wells Fargo Asset Management, is planning to launch a new infrastructure debt fund that includes pooled vehicles and segregated accounts.
Sorbus Partners expands its advisory board
Sorbus Partners, a Staffordshire-based wealth management firm, has hired executive dean of Aston Business School, George Feiger to its advisory board.
BKD Wealth Advisors merges with Wolf Financial Management
BKD Wealth Advisors, a US-based accounting and advisory firm, has merged with Chicago-based wealth management firm Wolf Financial Management (WFM).
UHNW population reaches 211,275 with combined net worth of about $30tn
Nearly 12,040 new ultra high net worth (UHNW) individuals were minted this year, pushing the global UHNW population to a record 211,275, a 6% increase from 2013, according to the Wealth-X and UBS World Ultra Wealth Report 2014.
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Amundi teams up with First Eagle Investment to launch new fund
Amundi Asset Management has teamed up with US-based First Eagle Investment Management to launch a new global multi-asset fund.
Risk appetite lifts as growth expectations pick up, says BofA Merrill Lynch
Global investors have a restored appetite for risk amid greater optimism over the outlook for profits and the economy, according to the BofA Merrill Lynch fund manager survey for November.
Enhance Group names new business development manager
Jersey-based investment firm Enhance Group has named Zoe Avenell as new business development manager to the newly opened London office.
Morgan Stanley Wealth Management establishes sports and entertainment division
Morgan Stanley Wealth Management has established a new Global Sports & Entertainment (GSE) division that delivers financial advice and services to professionals in the sports and entertainment industries.
Columbia Management inks deal with Blackstone Alternative Asset Management
US-based Columbia Management has entered into a strategic initiative with Blackstone Alternative Asset Management to research and develop new investment solutions.