All articles by Verdict Staff
Verdict Staff
E Fund Management partners with KraneShares to launch new fixed income ETF in US
E Fund Management, a China-based asset management firm with $40 billion of assets, has teamed up with US-based passive fund house KraneShares to roll out a new fixed income exchange traded fund in the US.
Highland Capital Management announces compliance with GIPS standards
Highland Capital Management, a Dallas-based investment management firm, which together with its affiliates manages approximately $19 billion in assets, announced that it claims compliance with the Global Investment Performance Standards (GIPS) and has been independently verified for the period of 1 January 2009 through 31 December 2013.
US Treasury issues proposed rules to enhance financial transparency
The US Department of the Treasurys Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) to amend existing Bank Secrecy Act (BSA) regulations to help prevent the use of anonymous companies to engage in or launder the proceeds of illegal activity in the US financial sector.
Morningstar reports increased hedge fund performance of 1.1% in June
The Morningstar MSCI Composite AW Hedge Fund Index, an asset-weighted composite of nearly 1,000 hedge funds in the Morningstar Hedge Fund database, increased 1.1% in June, along with global stock and bond indexes.
Saltus partners with Alpha Diversify to expand presence beyond UK
Saltus Fund Management (Saltus), a London-based independent discretionary fund manager, has partnered with a fund promoter Alpha Diversify to deliver its advisory services outside of the UK, according to International Adviser.
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Rothschild Larch Lane Management rolls out new alternatives fund
US-based Rothschild Larch Lane Management Company has rolled out a new liquid, open end alternatives mutual fund that uses a risk balanced approach to portfolio construction.
Alcedas AUM in alternative UCITS reached EUR184.2 billion
The first half of 2014 saw a new milestone reached in the alternative UCITS sector with assets under management growing by 15.6% to EU 184.2 billion, demonstrating continued demand for alternative strategies, according to the Alceda Half Yearly UCITS Review.
Madison Asset Management partners with Hansberger to create new firm
US-based Madison Asset Management has completed the acquisition of the Toronto-based international growth equity team of Hansberger Global Investors to form a new business called Hansberger Growth Investors (HGI).
Pioneer Investments names new head of the US
Pioneer Investments, a global asset management firm, has appointed Lisa Jones as new head of the US, effective 11 August 2014, replacing Daniel Kingsbury.
CLS Investments finds lack of preparedness detrimental to effective succession planning
50.5% or 59 of the respondents do not plan on retiring until age 71, if at all, indicating that advisors plan on working longer than the average retirement age, according to a advisor retirement survey conducted by CLS Investments.