Sunday, 8th November 2009

 

BDO Stoy Hayward launches investment advisory service

The wealth management arm of accountancy firm BDO Stoy Hayward has launched an investment advisory business called Fitzwilliam Asset Management.

The business will offer investors online access to a range of funds under the Fizwilliam brand which BDO has advised for many years. The Fitzwilliam Asset Management web site will also produce market information and data.

The Fitzwilliam range of funds are best known for their multi-manager expertise, where third-party managers are slotted together to manage single funds.

Shaun Port, who joined BDO in 2005, has been appointed Fitzwilliam Asset Management's chief investment officer. BDO's Catherine MacLeod has become the new operation's macro economist and investment strategist. Fitzwilliam Asset Management will remain wholly owned by BDO Stoy Hayward, which is part of BDO International, the world's fifth largest accounting network.

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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