All articles by Verdict Staff
Verdict Staff
LaSalle wins £750 million mandate from Greater Manchester Pension Fund
LaSalle Investment Management (LaSalle), the global real estate investment manager, has won a £750 million mandate from the Greater Manchester Pension Fund, a local authority fund in the country.
The Carlyle Group closes third CLO in US totaling $816 million
Global alternative asset manager The Carlyle Group has closed a Collateralized Loan Obligation (CLO) fund in the U.S. totaling approximately $816 million.
European Central Bank appoints BlackRock to buy asset-backed securities
The European Central Bank (ECB) has appointed the advisory arm of BlackRock Solutions to provide consultancy services to design a programme to buy asset-backed securities (ABS).
FCA bans and fines former Burlington director for dishonest fund promotion
The Financial Conduct Authority (FCA) has fined Craig Cameron £350,000 and banned him from any involvement in FCA authorised firms, after it found that he lacked honesty and integrity in relation to the promotion of three unregulated collective investment schemes (UCIS) to retail investors.
tru Independence appoints advisory board
tru Independence, a consulting that provides financial professionals with a customized open-architecture platform of wealth management solutions, has established its advisory board.
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Bank of Georgia renames its brokerage arm
UK-based Bank of Georgias brokerage arm, JSC BG Capital (BG Capital), has been rebranded as JSC Galt and Taggart (Galt and Taggart).
Private wealth inflows buoy hedge fund assets to $2.9 trillion: Prequin
Preqins latest survey of more than 100 hedge fund managers, conducted in June 2014, reveals that 73% of respondents indicated competition in fundraising had increased in the past 12 months.
Notenstein Private Bank to acquire client assets of LBBW (Switzerland) AG
Notenstein Private Bank is planning to acquire the client assets of the Swiss subsidiary of the Landesbank Baden-Württemberg, (LBBW (Switzerland) AG).
Gar Wood Securities signs strategic partnership with Axxcess Wealth Management
Gar Wood Securities, a US-based institutional broker-dealer, has entered into a strategic relationship with Axxcess Wealth Management to introduce emerging US fund managers to institutional clients, ultra high-net-worth individuals and family offices.
Swiss banks lost CHF350 billion after tax evasion probes
Swiss banks have lost CHF350 billion in outflows from overseas clients over the past six years following an increased investigations and global crackdown on offshore tax evasion, according to a report by PricewaterhouseCoopers (PwC).