Thursday, 24th July 2008

 

Portfolio

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. 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.

  8. 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.

  9. 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.

  10. 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.

Brummel

Headline

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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.

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