All articles by Verdict Staff
Verdict Staff
Net asset value of total funds under management in Guernsey falls in Q1 2014
The net asset value of total funds under management and administration in Guernsey has decreased in Sterling terms over the quarter ended 31 March 2014 by £1.8billion (-0.6%) to £264.2 billion.
Many Vanguard small business 401(k) participants have plan investments professionally managed
More than three-quarters of small businesses employees who participate in their firms 401(k) plan have well-constructed, appropriately diversified investment portfolios, in many cases because their employer placed them in a professionally managed investment option, according to Vanguard research.
Stafford Capital acquires Macquarie’s funds management business
Stafford Capital Partners, a US-based alternative investment manager, has purchased $700 million funds management businesses of Australia’s Macquarie Group.
EBA publishes report on risks and vulnerabilities of the EU banking sector
The European Banking Authority (EBA) has published its fifth semi-annual report on risks and vulnerabilities of the EU banking sector. The report shows improvements in market sentiment and confidence which has allowed banks to increase their capital levels ahead of the 2014 EU-wide stress test and to continue the repair of their balance sheets.
Wealth manager launches family office firm in California
Richard Gayton, a wealth manager and registered investment advisor, has launched a new family office firm, called Lakeside Virtual Family Office (LVFO), in California.
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Oppenheimer names new head of Latin American sovereign research
Oppenheimer & Co. has announced that Lucila Broide has joined the firm as a director and head of Latin American sovereign credit research.
Brooks Macdonald hires former Axa Wealth executive
Brooks Macdonald has hired offshore specialist Kristian Guest from Axa Wealth as a business development manager.
Northern Trust hires new global head of ESG investing
Northern Trust Asset Management has hired Mamadou-Abou Sarr as new global head of Environmental, Social and Governance (ESG) investing.
ANZ unveils integrated wealth and banking app
Australia and New Zealand Banking Group (ANZ) has rolled out an integrated wealth and banking app, which the lender claims to be the first such financial services app in Australia.
ABN AMRO Private Banking increases equities exposure
ABN AMRO Private Banking has further increased its Overweight position in equities and significantly cut its cash holding, according to its Q3 2014 Investment Outlook.