Portfolio
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Gold demand drops 34% as economy brightens
Demand for gold has dropped by over a third year-on-year, despite a recent surrge in its price, as investors turned away from the safe haven investment and look for riskier assets.
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London & Stamford profits up but still 'cautious'
Aim-listed London & Stamford, which has been one of the most active investors in the depressed real estate market in the past year, has said it is now taking a "cautious" approach in the UK, as rivals continue to push billions of pounds into the sector.
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Investec posts 29% surge in client assets amid profit decline
Investec, the South African investment and private bank, on Thursday declared a nearly 29% rise in assets under management to £62.8bn (€70.1bn) during the six months through September, according to a Bloomberg report.
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Merrill wealth strategist foresees ‘challenging’ commodity markets
A likely “more restrictive” monetary policy by governments around the middle of the year could result in “more challenging” commodity markets, Bill O’Neill, a portfolio strategist at Merrill Lynch’s Wealth Management group, has told Bloomberg.
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Junk bonds set for record 2010
Sub-investment grade companies could raise a record $210bn (€134bn) in the bond markets next year, with reduced bank lending and increased risk-appetite among investors combining to drive issuance.
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Paulson plans $250m investment in pure-play gold fund
Paulson & Co intends to launch its first pure-play gold fund, with founder John Paulson planning to invest up to $250m (€167.5m) of his $6bn personal fortune, the hedge fund’s general partners said, according to a report in The Daily Telegraph, London.
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Citadel tries to woo angry investors with new funds
Citadel Investment Group, which lost $8bn (€5.4bn) of its investors’ capital last year, is seeking to woo clients to commit more money with plans to launch four new funds and bolster its investment banking operations, according to a report in The Wall Street Journal.
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Norwest raises $1.2bn venture fund for late-stage investments
Norwest Venture Partners on Wednesday said it had raised $1.2bn (€803m) for a new venture capital fund which will finance big investments in mature companies, according to a report in The New York Times.
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My Best Investment …
Geoffrey Kent's best investment demonstrates the occasional benefits of what some might label a misspent youth. It certainly didn't have anything to do with money – not directly anyway.
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Index Trackers Take Flight
Stock market indices are tough for the average fund manager to beat. Over time, no more than a fifth of the world's managers have any chance of outperforming them.
Markets »
- Cash floods UK property managers
- Norway fund has 'best ever quarter'
- Liechtenstein Removed From OECD Tax Watch List
Products and strategies »
- Family-run businesses outperform their public rivals
- Cash floods UK property managers
- Cohen launches ethical property vehicle
Tax, trust and legal »
- International Amnesties
- Liechtenstein Removed From OECD Tax Watch List
- Switzerland – post banking secrecy
Alternatives »
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Brummel
Relocation, relocation, relocation
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Rich Monitor
Diary: Utopia for Yacht Lovers
Looking to get more from your yacht? Why not share it with others?
