All articles by Verdict Staff
Verdict Staff
Nedgroup Investments selects Citi to support new UCITS fund
Nedgroup Investments has awarded Citi a new mandate to provide a full range of investor services for the Nedgroup Investments Funds, which recently became an authorized Irish-domiciled UCITS fund.
BNY Mellon adds risk analysis of institutional prime money market mutual funds
Designed to help maximize risk-adjusted performance, BNY Mellon’s Global Collateral Services business has announced the addition of FundIQ, a third party market research and analytical tool to benchmark performance and areas of risk for institutional prime money market mutual funds.
EFG International swings to loss in H1 due to legal charges
EFG International made an IFRS net loss attributable to shareholders of CHF6 million in the first half of 2014, as a result of nonrecurring legal charges and provisions.
IPOs accelerate private equity exit activity in North America: EY
Improving economic conditions in North America saw 2013 fuel the highest level of volume and values by entry enterprise value (EV) for private equity (PE) exits since 2006, according to EY’s annual North American PE study.
Global clampdown on secret offshore accounts yeild $49.9 billion for governments: OECD
Governments across 65 countries have collected more than 37 billion ($49.9 billion) in tax from secret offshore accounts since 2009, according to the Organisation for Economic Co-operation and Development(OECD).
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UBS investor watch report breaks the awkward silence around inheritance
The survey of over 2,800 high net worth (HNW) and affluent U.S. investors found that while both benefactors and heirs are optimistic about giving and receiving inheritance, neither is actively engaged in inheritance planning and are reluctant to fully discuss this topic before a death in the family occurs, according to UBS Investor Watch report.
Fidelity buys City Financials UK Opportunities fund
Fidelity Worldwide Investment has purchased the £70 million City Financial UK Opportunities fund in a move to expand its UK equities team.
DeAWM expands its passive distribution team in the Midwest and Texas
Deutsche Asset & Wealth Management (DeAWM) has hired three Regional Vice Presidents to support the growth and coverage of its US exchange-traded products platform in the Midwest and Texas.
JPMorgan nears deal to sell 50% stake in private equity business-report
JPMorgan Chase & Co is reportedly in advanced talks with investment firms Lexington Partners and AlpInvest Partners, a unit of Carlyle Group, to sell half its stake in private equity business One Equity Partners (OEP).
AIFMD implementation incomplete, uncertainty remains – AIMA
The implementation of the Alternative Investment Fund Managers Directive (AIFMD) is incomplete and significant uncertainty remains, the Alternative Investment Management Association (AIMA), the global hedge fund industry association, has said on the day that the AIFMD finally comes fully into force.