Saturday, 7th November 2009

 

Advisers

  1. 'Move Past The Crisis,' Barclays Wealth To Clients

    Global markets are now functioning normally, and stocks, particularly those in developed markets, likely offer more upside going forward, according to Barclays Wealth.

  2. Advisers 'Stress-Test' Family Business Plans

    With conflicting signals about the pace and sustainability of U.S. economic recovery, it's crucial for family businesses to revisit their contingency plans, think about the positioning of their businesses and expectations about growth, according to financial advisers.

  3. Hedge funds poised to recoup crisis losses

    The hedge fund industry is on the brink of recouping all its investment losses sustained during the credit crunch, placing many funds in a position to start earning performance fees.

  4. Emerging markets to boost wealth staffing levels

    Recruitment consultants believe emerging markets are likely to generate most of the growth in staffing in global wealth management in the year ahead as the offshore crackdown slows expansion in Europe.

  5. Well-heeled give funds a leg-up

    Sales to wealthy investors pushed the total funds sold in Europe to €108bn ($161bn) in the six months following the bottoming of the market in early March. Specialist French manager Carmignac sold the most.

  6. Pictet slams mutual fund research

    Stephen Barber, group managing director and head of communications at Pictet, has slammed research by adviser My Private Banking, which says nearly 80% of equity mutual funds sponsored by banks with large wealth businesses have failed to beat their benchmarks over five years.

  7. Barron's Top 20 Global Wealth Managers 2009

    Cautious investors still find it difficult to know who to trust with their assets, and this year has seen a mass decamping of client assets to more trusted advisers.

  8. Wealth management optimisation efforts can suffer "significant limitations"

    A new study has shown that the tools and software packages used to simulate financial situations by wealth managers suffer significant limitations and cannot satisfy the needs of a sophisticated clientele.

  9. Deutsche Bank to cut private wealth management costs

    Cost-cutting is on the cards as Deutsche Bank seeks to improve the margins on its private wealth management unit towards those achieved by banks in Switzerland.

  10. Harman slams City strip club culture...again

    Harriet Harman, who has previously railed against male bankers visiting lap dancing clubs, has endorsed a report by an equality charity that finds evidence that the use of strip clubs by City of London firms perpetuates gender inequality in the workplace.

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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