Sunday, 8th November 2009

 

UK wealth manager unveils absolute return strategy

Citi Quilter, the UK Wealth manager, has unveiled a discretionary absolute return strategy in the wake of the credit crisis, according to a report in What Investment.

The firm’s Absolute Focus Strategy is the first within its discretionary Managed Portfolio Service to tap alternative investments. Individuals with at least £25,000 (€31,560) to invest are eligible foe the MPS.

Tags: Citi Quilter

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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

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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