All articles by Verdict Staff
Verdict Staff
DeAWM in exclusive talks to outsource real estate fund administration to BNY Mellon
Deutsche Asset & Wealth Management (DeAWM) has entered into exclusive talks to outsource its fund administration services, representing nearly $47.6 billion in assets under administration to BNY Mellon.
Funded Status of U.S. Corporate Pensions rises to 92%: BNY Mellon ISSG
The funded status of the typical U.S. corporate pension plan increased 1.4 percentage points in June 2014 to 92%, driven by rising asset values, according to the BNY Mellon Investment Strategy and Solutions Group (ISSG).
Wells Fargo Advisors lures US$300 million advisory team from UBS
Wells Fargo Advisors has lured a team of two financial advisors from UBS Financial Services in Houston that managed US$300 million in client assets.
DeAWM to rename investment products under Deutsche label
Deutsche Asset & Wealth Management (DeAWM) is planning to rename its investment products under the Deutsche’ label, effective August 2014.
Bethmann Bank to expand services for external asset managers
Bethmann Bank, a Frankfurt-based private bank, is planning to expand its existing range of services to independent asset managers (external asset managers-EAM).
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Saddle River Capital Management launches new service to help US expats
New Jersey-based Saddle River Capital Management has rolled out a new service designed to assist expatriate clients, foreigners living in the US and US citizens living abroad to manage their investments and tax considerations.
HNWIs still unhappy with political environment in US: Spectrem Group
In the Spectrem Group study Financial Attitudes and Concerns, high-net-worth-investors (HNWIs) with a net worth between $5 million and $25 million are still unhappy with the political environment in the United States but do not see it standing in the way of economic growth.
Aviva Investors expands multi-strategy fund range
Aviva Investors CEO Euan Munro has expanded the firms multi-strategy fund range by launching a new fund to increase profitability at the firm.
FINRA fines Goldman Sachs dark pool trading unit US$800,000
The Financial Industry Regulatory Authority (FINRA) has fined Goldman Sachs Execution & Clearing $800,000 for failing to prevent trade-throughs in its alternative trading system.
Expert Comment: European Portfolio Construction
We maintain a preference for European equities, although valuations aren’t as cheap as they were a year ago, with peripheral credit spreads tight and equity PEs having expanded. However, we believe that the elevated PEs are somewhat misleading given Europe has only recently emerged from recession. Moreover, with earnings growth starting to emerge, we believe the case for rotating from European credit towards European equity risk exists for investors in Europe.