All articles by Verdict Staff
Verdict Staff
Alternative asset managers stable despite risks of elevated dry powder, says Fitch
Alternative asset managers continue to operate with elevated levels of uncalled investment capital, or dry powder, at a time when credit markets are frothy and valuations are high, according to Fitch Ratings.
Private foundation assets up 48% since recession, says Foundation Source
Foundation Source, the nation’s largest provider of comprehensive services for private foundations, today released a new report looking exclusively at the investment behavior of private foundations with less than $50m in assets.
Pictet planning to double size of its London team – report
Swiss private bank Pictet is reportedly seeking to double the size of its wealth management team in London.
KKR expands operations in Australia
KKR Capstone, the operations group that works on KKR investments, has appointed Matthew Claughton as director in Sydney as part of its expansion in Australia.
Heitman rolls out new European real estate fund
Heitman, a US-based real estate investment management firm, has unveiled a new absolute return UCITS IV-compliant real estate fund that targets European commercial property market.
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European Wealth acquires P&C Global Wealth Managers and GTI Fund Investment
UK-based European Wealth has acquired Swiss firm P&C Global Wealth Managers and its sister company GTI Fund Investment for £2.76m.
FINMA recognises SFAMA code of conduct
The Swiss Financial Market Supervisory Authority FINMA has recognised the SFAMA code of conduct as a minimum standard.
Barclays and MSCI launch green bond index family
Barclays, a market bond benchmarks publisher, and MSCI, an investment decision support tools provider, have launched a new green bond index family measuring the global market of fixed income securities issued to fund projects and initiatives with direct environmental benefits.
ASK Group hires former Barclays executive as COO
Indian investment and wealth management firm ASK Group has hired Deepak Rattan as its new chief operating officer (COO) of private wealth advisory and Leena Wakankar as its head of human resources.
RBS to exit US mortgage trading market; axe hundreds of employees
The securities arm of British banking major Royal Bank of Scotland (RBS) is set to shut down its US mortgage trading operations.