Tagged: asset management

December 26, 2020 @ 10:03 am By Omar Faridi  |  

China’s banking and insurance regulator released draft guidelines on Friday (December 25, 2020) regarding the sales of wealth management products by local commercial banks’ wealth management divisions. Chinese authorities will reportedly allow these wealth management subsidiaries to serve as sales agents for such products for… Read More

December 3, 2020 @ 10:32 pm By Omar Faridi  |  

JPMorgan (NYSE:JPM), the largest US bank, is reportedly planning to acquire Fintech firm 55ip in order to assist financial advisors with setting up tax-efficient investment portfolios. JPMorgan Chase’s management noted that the bank’s asset management unit has decided to buy Fintech company 55ip so that… Read More

November 18, 2020 @ 1:57 pm By Samantha Hurst  |  

UK-based fintech firm Nutmeg announced on Wednesday it has joined forces with JP Morgan Asset Management to launch Smart Alpha portfolios. Nutmeg reported that Smart Alpha portfolios are underpinned by the duo’s shared commitment to sustainable investing.  “Today, Nutmeg and J.P. Morgan Asset Management have joined forces to create a truly pioneering product that… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

October 2, 2020 @ 6:25 am By Omar Faridi  |  

Pollen Street Secured Lending (PSSL), a British investment trust (previously called P2P Global Investments) that strategically invests in consumer and SME loans and also in corporate trade receivables, has reportedly appointed a new fund manager after several months of meetings and discussions. Waterfall Asset Manager… Read More

June 17, 2020 @ 5:00 am By JD Alois  |  

Pagaya, a Fintech in the asset management space, has closed on a $102 Series D funding round. Simultaneously the company has announced a $200 asset-backed security (ABS) issuance of consumer credit – “reopening” the COVID-19 impacted market. Pagaya’s total ABS issuance now stands at over… Read More

May 18, 2020 @ 2:40 pm By Samantha Hurst  |  

FinMason, a U.S.-based fintech and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, announced on Monday it has launched the first phase of its fixed income analytics offering for the retail wealth management and asset management communities. FinMason reported that phase… Read More

April 4, 2020 @ 10:11 pm By Omar Faridi  |  

UP Fintech Holding Ltd, a major digital brokerage company focusing on global Chinese investors, has confirmed that it’s entering the wealth management and technology (Wealthtech) business. UP Fintech has introduced a product, called the “Fund Mall,” which offers a new wealth management feature that makes… Read More

September 6, 2019 @ 8:50 am By Samantha Hurst  |  

CrowdBureau, an information technology platform that offers asset and risk management tools for market players seeking more transparency in marketplace peer-to-peer lending and securities crowdfunding, announced this week it raised $1.1 million through its Series A funding round, which was led by Clydagh Limited, Estuary Holdings… Read More

July 19, 2019 @ 1:41 pm By Samantha Hurst  |  

Ethic Inc., a U.S. asset management platform that powers sustainable investment portfolios, announced on Thursday it secured $13 million through its Series A funding round, which was led by Nyca Partners with participation from Sound Ventures, Fidelity Investments, ThirdStream Partners, Urban Innovation Fund and Kapor… Read More

August 20, 2018 @ 1:56 pm By JD Alois  |  

SFOX, has a substantial $22.7 million in Series A funding led by Tribe Capital and Social Capital. The funding round also garnered the support of other well known VCs including Khosla Ventures, Blockchain Capital, Y Combinator, DHVC, Upside Partnership, SV Angel, DCG, Mark Britto, and Airbnb Co-Founder… Read More

April 4, 2018 @ 11:12 am By Samantha Hurst  |  

FINBOURNE, a London-based fintech platform, announced last week it has launched its LUSID Design Council, which has five financial institutions as members. The institutions include Fidelity International, HSBC Securities Services, and Altana Wealth. Founded in 2016, FINBOURNE describes itself as a technology firm that is… Read More

February 27, 2018 @ 10:13 am By JD Alois  |  

Pagaya Investments, a Fintech company in the asset management space, has received $75 million in debt financing from Citi. Simultaneously, Pagaya announced the creation of the “Opportunity Fund” to meet growing institutional interest in consumer credit as an asset class. Launched in2016, Pagaya has raied… Read More

December 14, 2017 @ 12:58 pm By Erin Hobey  |  

iCapital Network, a US fintech platform democratizing alternative investments for high-net-worth individuals and their advisors, acquired the US Private Equity Access Fund Platform from the Asset Management division of Deutsche Bank; earlier this year the platform had stated its acquisition plans. The transaction was completed… Read More

October 27, 2017 @ 2:07 pm By Samantha Hurst  |  

LendingClub announced this week it has rebranded asset management business, LC Advisors, to LendingClub Asset Management (LCAM), which is described as a firm that aims to deliver efficient access to the consumer credit asset class for institutional and high-net-worth investors. The online lender stated the rebranding… Read More

August 21, 2017 @ 8:27 am By Samantha Hurst  |  

Mybit, a Switzerland-based Ethereum blockchain powered, renewable asset investment platform, announced on Monday it secured $2.8 million through its 30-day crowdsale, which ended on August 15th. According to Mybit, the platform connects investors from around the world with businesses and individuals seeking to fund revenue-generating Internet… Read More

August 11, 2017 @ 11:42 am By Samantha Hurst  |  

ICONOMI, the globally licensed and regulated bitcoin exchange, announced on Friday it has named London-based Columbus Capital its first asset management partner. According to the company, Columbus Capital has been selected to main and grow three funds, comprised entirely of blockchain-based assets. The company also revealed the… Read More

December 3, 2015 @ 11:26 am By Samantha Hurst  |  

On Thursday, Finnish investment and asset management company, Trevian, announced that it is teaming up with H.I.G. as the company acquires a retail portfolio in Norway. This portfolio consists of 16 predominantly grocery store anchor retail assets. Trevian will act as a local asset management… Read More

September 16, 2015 @ 12:44 am By Midori Yoshimura  |  

For Alquity, a $100m high-growth UK-based asset management company, the road to becoming a $1 billion fund runs through Crowdcube. The company is raising £500k via the crowdfunding platform to support its growth objective of becoming a $1 billion fund by 2019. Funds raised will be used… Read More

November 4, 2014 @ 9:19 am By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, which has 80,000 clients globally and more than $10 billion under advice and management, confirms that deVere Investment Strategy will be headed by Tom Elliott, a former Executive Director at JP Morgan Asset Management, who has 25 years experience in… Read More