Saturday, 21st November 2009

 

Investors seek to rejig portfolios

As the trough of the recession at last comes into sight, investors are cautiously moving out of cash and looking for strategic advice on asset allocation.

Investors are also becoming more interested in learning about the strategies and assets they are investing in, as many were burned after buying into complex products which they didn't understand.

Edward Jewson, chief executive of Jewson Associates, a wealth management consultancy, said attitudes towards risk have changed.

He said: "These calls have come predominantly from institutional investors such as charities, but we are now seeing more enquiries from the private wealth and high net worth community, and expect this to continue for as long as the economic downturn prevails."

He added: "Investors are now revisiting their portfolios to reflect changes in their risk and reward appetite. Many investors are asking what they can do differently this time round. They want to know how particular investments will fit into their long term plan."

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

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