Portfolio
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Japan funds outperform in second quarter
Japanese equities funds outperformed all other asset classes in the second quarter after a long period of disappointing returns from the asset class, according to data published today.
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Morgan Stanley raises outlook for European banks
Morgan Stanley has upgraded its industry view on Europe's banking sector from underweight to neutral, saying valuations may have fallen far enough and the stocks may benefit as investors shift funds away from commodities.
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Global confidence index rises despite US concerns
The confidence of fund managers in equity markets internationally rose this month to the highest level in over six months, despite the confidence of North American institutional investors falling.
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Goldman cements position as top M&A adviser
Genentech has brought in Goldman Sachs to advise its board on a $41.3bn (€26.1bn) bid from pharmaceutical giant Roche, extending the US bank’s already considerable lead at the top of the global mergers and acquisitions league table.
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European family office market ripe for growth – report
The European family office market, which currently has penetrated just 18% of the ultra-wealthy market in the region, is poised for rapid expansion, according to a report from the US-based research and consulting group Celent.
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Chinese investors lap up wealth management products
Many Chinese investors are putting their money in once-unpopular wealth management products amid soaring inflation and a more than 50% decline in domestic stock markets since October, according to a report in China Daily.
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Dutch wealth manager awards $9m fund mandate
Dutch wealth manager Attica Vermogensbeheer has awarded a $9m (€5.7m) mandate to Nedgroup Investments, the fund of hedge funds manager, for its Premium Portfolio Fund, according to a Hedge Week report.
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Hedge fund groups oppose longer ban on naked short selling
Two hedge fund trade groups have sent a letter to the US Securities and Exchange Commission chairman Christopher Cox requesting that the emergency order on naked short selling not be extended, a sharp contrast to how other market participants have reacted.
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Trump considers $1bn India real estate fund
Donald Trump Jr is planning to establish a real estate fund of as much as $1bn (€633m) to invest in the Indian property market, according to a report in The Times of India.
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Private equity infrastructure fundraising rises five-fold in two years
Private equity infrastructure fundraising has increased by five times in the last two years, with almost half of investors having a separate allocation of funds in the sector.
Markets »
- Property and construction firms buckle under economic strain
- UK Revenue to launch new crackdown on offshore accounts
- Goldstein and Icahn top list of US activists
Products and strategies »
- F&C expands property business
- Fortress bets on distressed debt market
- Ansbacher benefits from cutting equities
Tax, trust and legal »
- UK Revenue to launch new crackdown on offshore accounts
- Rathbones decides offshore is not worth the risk
- Rathbones sells offshore trust businesses
Alternatives »
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Brummel
From Stoke Park with love
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Rich Monitor
Will Smith tops Hollywood earnings list with $80m payout
Will Smith has emerged as Hollywood’s top earner, earning a massive $80m (€51m) last year, new figures compiled by Forbes have shown, according to a report in New York Daily News.