152 articles found within the last year.
Displaying results 121 - 140
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Hard lessons from Yale and Harvard
Diversify or be damned has been the gospel ... The endowment funds of US universities Yale and ... But in the past year, investors have discovered ... In many cases, the diversification that was meant ... According to an investment strategist at a large, ... Others argue it would be wrong to make...
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Credit Suisse versus UBS
Credit Suisse versus UBS has always been one ... Credit Suisse is putting together a credible challenge ... Credit Suisse has done well at keeping inflows ... Supporters say the fourth-quarter number is an aberration ... UBS suffered its worst year ever managing the ... “UBS will need to show that it has...
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Banks’ latest writedown woe – their art
Ever since the Italian Renaissance in the 15th ... And modern banking is no exception. But as ... Stacey Gershon, a New York-based art adviser and ... Charles Thomson, co-founder of the art movement known ... Maybe a bank thinks it is keeping up ... Deutsche Bank, which last week reported its first...
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Tiger 21 investment club members become pussycats
Wealthy US investors are becoming more cautious. They ... Tiger members fleeing investment risk are ditching their ... Michael Sonnenfeldt, founder and chairman of Tiger 21, ... “Nearly 18 months later since the downturn started, ... Tiger 21 members, numbering 160 individuals, each worth...
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Top wealth manager avoids the turmoil
Frances Aldrich Sevilla-Sacasa may be among the best-known ... Her departure follows Bank of America’s decision to ... Some of Sevilla-Sacasa’s former colleagues at US Trust ... Headhunter Jeff Rankin, chairman of recruitment consultancy The ... He warned: “To resurface at that level, they...
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Wealth bulletin leaders 2008: Readers pick their top managers
More than 3,000 votes were cast in our ... Daniel Truchi, chief executive of SG Private Banking ... He said: “The industry has been hit by ... Yet SG has weathered the storm and its ... However, Truchi is critical of how the wealth ... Truchi expects this to result in a period...
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Former BCG head says branding dominates private banking
Christian de Juniac, the former head of Boston ... He said: “There was no such thing as ... But the image of private banking as an ... “The wealth management sector came into its own ... “With this trend, brands became uppermost in wealth ... De Juniac, a qualified barrister, believes brands developed...
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Private equity firms eye wealth managers
Wealth managers are in for a big shake-up ... James Fraser, head of the financial services unit ... “There is an opportunity to add real value ... Permira’s decision to play an active role in ... Jones, one of the most experienced asset managers ... Permira launched its financial division two months ago,...
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Pressure mounts on tax havens
If offshore financial centres were under any illusion ... It emerged last week that Raoul Weil, a ... Grace Perez-Navarro, a deputy director at the Organisation ... In 2000, the Paris-based inter-government agency, the Financial ... There are now just three countries still on...
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Top strategist lifts his markets storm warning
Top UK strategist Percival Stanion has reversed his ... Stanion chairs Baring Asset Management’s strategic policy group. ... Strategists capable of generating returns through asset allocation ... Stanion has lifted his storm warning, despite his ... He added: “The descent to the canyon floor...
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German backing bolsters fortunes of Swiss-based private bank
LB (Swiss) Privatbank believes being owned by the ... Holger Mai, chief executive of the Zurich-based private ... LB (Swiss) is owned by the two German ... Given the turmoil in the financial market in ... Assets under management last year increased by Sfr300m ... With more than 6,000 clients, LB (Swiss) appears...
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Themes in wealth management 2009: Part 5
To mark the start of 2009, Wealth-Bulletin is ... Today, Phil Cutts, vice president and director at ... I see a number of key themes emerging ... With hedge funds having been decimated, equities feeling ... I think that the asset class of choice ... The challenge will be picking the right corporate...
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Trade body warns over crackdown on private client 'victims'
UK private stockbrokers and wealth management companies are ... The Association of Private Client Investment Managers and ... David Bennett, chief executive of the trade body, ... In a speech tomorrow at the UK's Securities ... He will add: "The private client and stockbroking...
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The urge to merge in wealth is expected to surge
Appetite for mergers and acquisitions in wealth management ... Complicated due diligence issues will also scupper activity. ... Ray Soudah, head of Millenium Associates, a wealth ... Shareholders of listed wealth managers such as UBS, ... Soudah said: “The capital base of banks can’t...
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RBC's wealth unit sets sights on conquering Europe
The Canadians are coming. This is the message ... Few people would be likely to name it ... The acquisition of Mourant Private Wealth, a Jersey-based ... Lewis said he remains interested in similar deals: ... The bank added 200 staff to its international ... RBC saw net new money flows of £2.8bn...
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Swiss private bankers braced for layoffs in Madoff fallout
Faced with the fallout from the Madoff scandal, ... Konrad Hummler, a managing partner at Wegelin, Switzerland’s ... “This will inevitably feed through to cost cuts ... Hummler said banks reliant on income from fund ... He said: “Rich clients saw many of these ... “But they won’t be so gullible a second...
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US millionaires nurse wounds as assets slide
Millionaires in the US each lost nearly a ... The value of assets at US households worth ... Almost one fifth of the 750 respondents to ... US stocks plummeted last year and by the ... The study found that 36% of millionaires polled ... Catherine McBreen, a managing director at Spectrem, added:...
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RBC scoops wealth quartet from Citi
RBC Wealth Management, the wealth arm of Royal ... Sumit Sibal, Amit Kachawaha, Amit Kotha and Vikram ... The new team will be based in London ... Last month RBC Wealth announced a tie-up with ... Last year RBC Wealth hired a nearly $500m...
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UBS Freezes $6bn Property Fund
UBS said Friday it is freezing $6bn (€4.5bn) ... The Zurich-based bank said investors won't be able ... The fund, mainly sold to private banking clients, ... The bank took the decision to protect remaining ... Company Web site: www.ubs.com ... --By Katharina Bart, Dow Jones Newswires; katharina.bart@dowjones.com...
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Row over advisers’ bonuses erupts at Merrill Lynch
Global wealth advisers working for Merrill Lynch are ... Bank of America’s rescue of Merrill Lynch was ... Some of them have been given nothing. Average ... Bank of America appears to have taken the ... Non-US assets of $142m account for 10.7% of ... But headhunters say global advisers feel they have...
