All articles by Verdict Staff
Verdict Staff
Hermes Investment Management to shut down commodities unit
British fund manager Hermes Investment Management is planning to shut down its commodities unit as part of a broader restructuring of the business.
Morgan Stanley appoints new board member
Morgan Stanley has appointed Jami Miscik, former president and vice chairman of Kissinger Associates, as new board member.
Ares Management to acquire Energy Investors Funds
Ares Management has signed a definitive agreement to acquire Energy Investors Funds with approximately $4bn of assets under management (AUM) across EIF’s four commingled funds and related co-investment vehicles.
BNP Paribas wealth arm reports 7% rise in Q3 pre-tax income
The Wealth and Asset Management business of BNP Paribas has reported a pre-tax income of 164m for the third quarter of 2014, a rise of 7% compared to 153m a year ago.
Pagnato Karp expands family office solutions
HighTower’s Pagnato Karp Group has partnered with family office expert Hannah Shaw Grove to boost its family office solutions.
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AMG completes investment in Veritas Asset Management
Affiliated Managers Group (AMG), a global asset management company, has completed its investment in Veritas Asset Management (Veritas).
Alter Domus expands European presence with new German office
Alter Domus, a provider of corporate and fund services, has expanded its presence in Europe by opening a new office in Düsseldorf, Germany.
Rawlins Financial Advisers merges with Jones Sheridan Financial
Rawlins Financial Advisers, a financial advisory arm of Eric Rawlins and Company, has merged with Crewe-based Jones Sheridan Financial Consulting.
Macquarie posts 35% rise in H1 profit
Australias Macquarie Group has posted a net profit after tax attributable to ordinary shareholders of A$678m for the half year of fiscal year 2015, a rise of 35% compared to the year ago period.
GCC investors look to UAE for local investment opportunities and perceived safe haven status amidst geopolitical turmoil-Invesco study
The United Arab Emirates (UAE) is still the main beneficiary of inflows of private capital into the GCC region (Gulf Cooperation Council), according to Invesco’s fifth annual Invesco Middle East Asset Management Study which was launched, analysing the direction and drivers of private capital flow within and outside the GCC.