All articles by Verdict Staff
Verdict Staff
AllianceBernstein buys CPH Capital
AllianceBernstein, a US investment management firm, has completed the purchase of CPH Capital Fondsmaeglerselskab (CPH Capital), a Denmark-based equity investment manager for an undisclosed sum.
ABN Amro’s wealth unit Bank increases allocation to EM equities
The wealth-management unit of ABN Amro Bank is reportedly increasing its allocation to emerging-market equities buying China, Taiwan and Thailand equities , reported Bloomberg.
River and Mercantile LSE listing values group at £150 million
River and Mercantile, a UK-based asset management and pension consultancy firm, has listed its shares on the London Stock Exchange (LSE) which gives the company a market capitalization of £150.2 million.
US expects to resolve more probes of financial institutions in coming months
The US Justice Department expects to resolve more probes of financial firms in the coming months as part of its wide-ranging consumer fraud investigation, US Attorney General Eric Holder said in a weekly video message.
StormHarbour Securities agrees to buy 49% stake in Asuka Asset Management
StormHarbour Securities, a global financial services firm, has agreed to acquire a 49% stake in Japanese hedge fund manager Asuka Asset Management.
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Kaiser Partner’s private banking unit reports 23% rise in AuM in 2013
The private banking unit of Kaiser Partner, a family-owned Liechtenstein wealth management group, has registered a 23% rise in assets under management (AuM) from the year before, of CHF2.05 bn ($2.29bn).
UBS under investigation over Puerto Rico bond fund sales
UBS is under investigation by the US authorities for alleged fraud in Puerto Rico related to mutual fund sales.
Tilney Bestinvest plans to hire 25 financial planners
Tilney Bestinvest is reportedly planning to hire nearly 25 financial planners over the next six months, as part of its strategy to double its financial planning team.
Carlyle raises US$1 billion for second fund investing in financial companies
Carlyle Group, a private equity firm based in Washington, had raised US$1billion for its second fund that concentrates in investing in financial companies, nearly three years after it started fundraising.
American billionaire plans to unveil distressed debt-focused investment trust
US hedge fund billionaire, Marc Lasry, is reportedly considering launching a distressed debt-focused investment trust for the UK market in September this year.