All articles by Verdict Staff
Verdict Staff
US regulators questions JPMorgan for conflicts of interest-Report
The US Securities and Exchange Commission (SEC) is investigating whether JPMorgan Chase & Co inappropriately steered private-banking clients to its own investment products and away from those offered by outside firms, the Wall Street Journal has reported.
Fund managers utilise Guernsey’s AIFMD private placement regime
Figures from the Guernsey Financial Services Commission show that, as at 31 July 2014, a total of 34 Guernsey Alternative Investment Fund Managers have utilised Guernsey’s National Private Placement regime to market Alternative Investment Funds into Europe.
Henderson Group posts H1 pre-tax profit improves
Henderson Group has posted an underlying profit before tax from continuing operations of £90.7m for the first half ended 30 June 2014, a marginal rise of 2.48% compared to £88.5 million a year earlier.
RMB wealth management promotes two senior wealth managers to partner
RMB Capital has promoted two of its senior wealth managers, Sue Christoph and Paul Joyaux to partner within RMB Wealth Management, reinforcing the firm’s focus on employee growth and development.
RBS to shut down its global restructuring group
Royal Bank of Scotland (RBS) is planning to shut down its controversial global restructuring group following allegations that it has put companies out of business to generate a profit.
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ETFs and ETPs listed globally gathered US$160.5 billion in net new assets in July: ETFGI
ETFGI’s analysis finds ETFs and ETPs listed globally gathered US$33.8 billion in net new assets in July, pushing YTD NNA to US$160.5 billion, a new record level of NNA at this point in the year, outpacing the previous high of US$149.9 billion set in 2013.
Moelis plans Australia IPO for Global Wealth Partners Fund
American investment banking firm Moelis & Co is set launch an initial public offering (IPO) of ordinary shares in Global Wealth Partners Fund (GWP)- its new global investment vehicle to be listed in Australia.
CFTC charges Vasquez Global Investments with commodity pool fraud
The US Commodity Futures Trading Commission has charged Edwin A. Vasquez of North Carolina and his company Vasquez Global Investments with misappropriation, solicitation fraud, and issuing false statements in connection with the operation of an unregistered commodity trading pool.
HSBC to retain private bank as standalone division-report
Stuart Gulliver, the chief executive HSBC, has rejected Barclays Wealth model and pledged to retain his group’s private bank as a standalone division, the Financial Times has reported.
Tencent partners with Hillhouse Capital to launch new investment fund
China-based Tencent Holdings has entered into a joint venture with Asia-focused hedge fund Hillhouse Capital Management to launch new public investment fund.