All articles by Verdict Staff
Verdict Staff
BNY Mellon named global custodian by Connecticut State Treasurer’s Office
BNY Mellon has been named global custodian by the Connecticut State Treasurer’s Office for the $28.5 billion Connecticut public pension plans and trusts.
IMA publishes monthly statistics for UK Equity Income Sector Sales in April 2014
“The Investment Management Association (IMA) has published its monthly statistics for authorised investment funds for April 2014:”
China Development Financial to purchase two firms in Hong Kong
China Development Financial Holding has reached an agreement to buy two financial institutions in Hong Kong, as part of a strategy to bolster its presence in the greater China market.
Barclays looks to sell offshore fiduciary services division-report
British banking giant Barclays is reportedly planning to sell offshore fiduciary services division, which offers fiduciary services to high-net-worth (HNW) clients and corporations.
Consumers could be in line for compensation after FSCS declares 19 firms in default
The Financial Services Compensation Scheme (FSCS) could lend a helping hand to consumers that have lost money as a result of their dealings with any of the 19 failed financial firms around the UK that FSCS has recently declared in default.
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Raymond James lures US$2 million team from Wells Fargo
Raymond James Financial has lured a three member team from Wells Fargo that managed annual fees and commissions of approximately US$2 million.
KKR liquidates hedge fund managed by former Goldman Sachs traders
New York-based investment firm Kohlberg Kravis Roberts & Co (KKR) is reportedly liquidating its first equity hedge fund, KKR Equities Strategies, which was launched in 2011.
Alceda and Clark Capital roll out tactical fixed income fund
Clark Capital Management Group has rolled out its CCMG Navigator – Tactical Fixed Income fund on the Alceda UCITS Platform (AUP).
Prime Wealth Group launches investment platform aimed at SMEs
Prime Wealth Group has introduced a new funding platform for Enterprise Investment Scheme (EIS) and Seed Investment Schemes (SEIS) enabling start-ups to secure funds of £5m over next year from high net worth individuals and family offices.
Standard Life launches new investment hub for advisory firms
Standard Life has expanded its wrap platform by launching a specialist investment hub for advisory firms.