All articles by Verdict Staff
Verdict Staff
Morgan Stanley to pay $275 million for misleading investors in subprime RMBS
The Securities and Exchange Commission (SEC) of US has charged three Morgan Stanley entities with misleading investors in a pair of residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued.
Convergence launches new hedge fund to qualified investors
Convergence Capital Management Group, a US-based hedge fund manager, has launched its absolute return diversified multi-strategy fund, Convergence Capital Partners Fund I, to qualified investors.
Miracle Mile Advisors expands advisory team
Miracle Mile Advisors, a US-based independent investment advisory firm, has expanded its advisory team by appointing Judith Lu and Audra Lalley as financial advisors and managing directors.
Lloyds to pay fine up to £300 million to settle Libor investigation
Lloyds Banking Group, which is 25% owned by the UK government, is expected to pay US and UK regulators up to £300 million to settle allegations that it manipulated Libor, the interest rate benchmark.
Only small proportion of fund managers believe AIFMD regulations have a positive impact: Preqin
Only a small proportion of fund managers active in infrastructure and real estate think that AIFMD regulations will have a positive impact on their firm and industry, following a recent survey of over 140 managers active in the asset classes.
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Peapack-Gladstone Bank expands private banking team
Peapack-Gladstone Bank has named Christopher Fittin as new senior managing director and portfolio manager to its private banking office in Princeton, New Jersey.
Royal London Asset Management to launch new absolute return bond fund
Royal London Asset Management (RLAM) is planning to launch a new absolute return bond fund later this year for the retail market.
German investment management company chooses Profidata’s XENTIS
A German investment management company has decided in favour of the XENTIS investment management system for the administration of its funds and mandate.
Australian Unity in talks to buy Premium Wealth Management
Australian Unity Personal Financial Services (Australian Unity) is in talks to acquire all the shares in Premium Wealth Management.
Capital Group to open new office in Spain
Capital Group Cos, a manager of US mutual funds, is planning to open new sales office in Spain.