All articles by Verdict Staff
Verdict Staff
Ritholtz Wealth Management teams up with Upside to launch new solution
Ritholtz Wealth Management (RWM) has teamed up with Upside, a technology provider for investment advisors, to launch a new wealth management solution called Liftoff for emerging investors.
Pimco Total Return Fund reports $23.5bn net outflow in September
September monthly net flows for the Total Return Fund were estimated to be -US$23.5bn. Of note, the largest daily outflow occurred on the day of Bill Gross’s resignation from the firm, while outflows on the two following days were considerably smaller.
Lloyds names new CIO for wealth and mass affluent unit
Lloyds Banking Group has named Markus Stadlmann as new chief investment officer for its wealth and mass affluent unit.
JPMorgan nears deal to sell parts of its physical commodities unit to Mercuria: report
JPMorgan Chase & Co is reportedly nearing a deal to sell parts of its physical commodities unit to Swiss trader Mercuria Energy Group for under $1bn.
JPMorgan Asset Management forms new global investment solutions unit
JPMorgan Asset Management (JPMorgan AM) has established a new global investment solutions unit and named Jed Laskowitz to co-manage the new unit.
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Wunderlich to acquire wealth management assets of Dominick & Dominick
Memphis-based investment firm Wunderlich Securities has agreed to acquire the wealth management assets of Dominick & Dominick (D&D), a New York-based investment firm.
Citi Private Bank names new global market manager for the Western Region
Citi Private Bank has appointed Halé Behzadi as new global market manager for the Western Region, replacing Tracey Warson.
US private equity firm KKR expands family office division
US private equity firm Kohlberg Kravis Roberts & Co (KKR) has named Blake Shorthouse as new director for its London office in a move to raise money from rich European families.
Amundi to launch ETF business in Asia
French asset manager Amundi has confirmed that it is planning to launch an exchange-traded fund (ETF) venture in Asia next year, starting in Hong Kong.
CIBC Asset Management launches new fixed income institutional pools, strengthens institutional team
CIBC Asset Management has recently expanded its pooled fund offering with a suite of new fixed income products for institutional investors, and has added to the strength of its team with four new hires.