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UK FCA disagrees with certain EU financial regulations 27 Aug 2013 | 03:59 pm
The UK Financial Conduct Authority (FCA) has refused to accept the EU guidance on financial regulations framed to bring more financial austerity as well as transparency among institutions across the r...
JP Morgan ordered to pay $50m compensation to Russian investor 27 Aug 2013 | 03:50 pm
Global financial services company JP Morgan Chase & Co has been ordered by the New York State Supreme Court to reimburse $50m in compensation to Russian investor Len Blavatnik, to mitigate losses due ...
SEC sues North Carolina-based adviser for misleading over algorithmic currency trading 26 Aug 2013 | 04:05 pm
The US Securities and Exchange Commission (SEC) has charged North Carolina-based Chariot Advisors and its former owner Elliott Shifman for misguiding an investment fund’s board about the firm’s capabi...
First Trust introduces international multi-asset diversified income index fund 23 Aug 2013 | 03:27 pm
First Trust Advisors, an investment products provider, has rolled out its new exchange-traded fund (ETF), which seeks income and diversification using a multi-asset approach.
British SFO 'liaising' with US over London whale probe 22 Aug 2013 | 03:17 pm
British Serious Fraud Office (SFO) is ‘liaising’ with the US counterpart in their probe of a trading scam, also known as London Whale, which forced JP Morgan to sustain huge losses amounting to nearly...
RBC Global Asset Management selects Asian Equities head 22 Aug 2013 | 01:43 pm
RBC Global Asset Management (RBC GAM) has named Mayur Nallamala as its new senior portfolio manager and head of Asian Equities to manage $1.5bn in assets.
Sun Life Global Investments selects Schroder as new sub-advisor 21 Aug 2013 | 04:53 pm
Canada-based Sun Life Global Investments has appointed Schroder Investment Management North America as new portfolio sub-advisor for its Tradewinds Emerging Markets Fund.
IPC Portfolio Services plans to buy Brigata Capital 21 Aug 2013 | 04:47 pm
IPC Portfolio Services (IPCPSI), a subsidiary of Investment Planning Counsel, has inked a contract to acquire the shares of Brigata Capital Management, in an undisclosed transaction.
Bank of the West launches ETF portfolios 20 Aug 2013 | 01:03 pm
Bank of the West Wealth Management, a part of BNP Paribas' global wealth management business, has rolled out its ETF portfolios to provide global investment opportunities to clients.
Visium Asset Management presents its first mutual fund 20 Aug 2013 | 12:42 pm
Visium Asset Management has rolled out its first mutual fund offering, known as Visium Event Driven Fund (VIDVX), to achieve capital growth while maintaining a low correlation to the US equity markets...
