All articles by Verdict Staff
Verdict Staff
Hedge fund Caxton to divest 9.9% stake to Goldman fund
Caxton Associates, an $8bn macro hedge fund manager, has agreed to divest a 9.9% stake to a group of funds managed by Goldman Sachs called Goldmans Petershill funds.
Most affluent American investors make their own investment decisions: Spectrem
According to the Spectrem report on the most affluent American investors, most of them make their own investment decisions and access financial advisors only when a special need arises.
Chelverton Asset Management to launch new UK Equity Growth fund
UK small and mid-cap boutique Chelverton Asset Management (CAM) is planning to launch a new UK Equity Growth fund on 20 October 2014.
Private real estate funds hit record level of equity available to invest, says Preqin
Closed-end private real estate funds have a record US$220bn in dry powder available to invest, up from US$186bn in December 2013, representing the highest amount on record, according to Preqin.
Manulife Asset Management Private Markets names new global head of real estate investments
Manulife Asset Management Private Markets, the private asset management arm of Manulife, has named Michael McNamara as new senior managing director and global head of real estate investments.
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Venture capital investment in 2014 year-to-date up 60%-Preqin
Preqin’s latest analysis of global venture capital investment activity shows that a total of US$59bn has been invested in 5,272 deals globally in 2014 so far, compared to US$37bn invested in 5,940 deals over the same period in 2013.
Association of Investment Companies names new chairman
The Association of Investment Companies (AIC), the trade body for the UK’s investment trust industry, has named Peter Arthur as new chairman, replacing Andrew Bell, effective 1 January 2015.
Bank of America elects new chairman of board
Bank of America’s Board of Directors elected CEO Brian Moynihan as chairman, succeeding Charles “Chad” Holliday, Jr., effective immediately.
Old Mutual Wealth names new non-executive director
Old Mutual Wealth has named Andy Pomfret as new non-executive director to its board.
Boston Private Bank acquires wealth manger Banyan Partners
Boston Private Bank & Trust Company, owned by Boston Private Financial, has completed the acquisition of all of the assets of Banyan Partners, a US-based independent registered investment advisory firm with over US$4.3 billion in client assets.