03/19/2012
Clariden LGT move expected by May
Swiss asset manager LGT Capital Management acquired the 10-strong Clariden Leu insurance-linked team -which has more than $2bn of funds under management - earlier this month.
FinTech
03/19/2012
UK government launches scheme to recycle precious metals
Faced with a rising global demand for consumer goods and an increasing reliance on specialty metals from abroad, Environment Secretary Caroline Spelman published the Resource Security Action Plan to make sure UK businesses are more resilient to any change
03/16/2012
The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.61% in February
Performance for the Broad Index and its 10 sub-strategies is calculated monthly.
03/15/2012
Singapore Seeks To Be Asian Bullion Hub With Tax Free Gold and Silver
Another sign of Asia’s increasing importance in the global gold market is news that Singapore is planning to boost its share of global gold trade sevenfold after scrapping taxes on gold, silver and platinum bullion.
03/15/2012
Saudi Billionaire’s Gold Find May Spur Output
“This area has huge potential,” he said. “The revenue will be about $4 billion in 20 years’ time” from the 73 tons and the government will receive $1 billion from tax and royalty payments over that period.
03/13/2012
US bonds edge up on short covering ahead of Fed
Underpinning demand for bonds, China posted its largest trade deficit in at least a decade, fanning concerns that slowing exports from the world's second-largest economy will lead to lower fuel demand.
03/13/2012
State Street Global Advisors cautions on gold bubble bursting
The forecast comes from SSGA's Chris Goolgasian, whom we followed last week as he tackled the difficult subject of how to value gold.
03/12/2012
Push for fund managers to reveal pay
Australia's top fund managers earn salaries ranging from $500,000 a year to several million dollars, and some boost their pay packets further through incentive schemes and dividends.
03/08/2012
Barclays joins JPMorgan in top ranks on commodities desk
JPMorgan’s global commodities business, led by Blythe Masters in New York, and the Barclays’s unit run by Roger Jones in London, have been expanding through acquisitions and hiring.
03/08/2012
Demand Jumps for Bullion Coins, Infantry Commemorative Products
In a rarity, demand climbed sharply for all 2012 Infantry Soldier Silver Dollar commemorative products during their second full week of availability, the latest U.S. Mint sales figures revealed.
03/07/2012
Jupiter profits jump despite inflows shrinkage
Chief executive Edward Bonham Carter said: "2011 was a positive year for Jupiter, despite the significant headwinds presented by the Eurozone crisis and increased pressure on household finances.
03/06/2012
Jefferies Hoare Govett wins Nord Gold broking role
Jefferies will act as sole broker to newly listed Nord Gold, which was appointing financial advisors for the first time after being spun out of Russian steelmaker Severstal earlier this year.
03/06/2012
Northern Trust: 1 in 3 has 40% of stocks, bonds in passive strategies
A Northern Trust survey of 121 institutions, predominantly pension funds, in Europe, Asia and North America, forms the basis of the white paper entitled, Customized Beta: Changing Perspectives on Passive Investing.
03/02/2012
Platinum becoming jewellers’ new gold standard
Platinum jewellery’s appeal is spreading, driven by China, which accounts for about 68 percent of consumption.
03/02/2012
Gold and silver bullion coin sales plunge in February
Sales of the American Gold Eagle bullion coins during February is the lowest since June 2008 when the Mint sold 15,500 ounces.
03/02/2012
HSBC offers rich clients discounted fees for 10 new hedge funds
Private clients provide part of the $38 billion invested by HSBC in alternative investments such as hedge funds, private equity and real estate.
03/02/2012
Deutsche Bank reclaims top spot as world's largest insurance asset manager
The IAM survey indicates that the trend of insurance companies outsourcing the management of their balance sheets to third party asset managers remains strong. Outsourced general account assets now total $1.21 trillion, an increase of 5.5% from December 2
03/02/2012
Credit Hedge Funds are NOT Shadow Banks: AIMA
AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.
03/01/2012
The 40 Highest-Earning Hedge Fund Managers
For most hedge fund managers, 2011 was a year to forget.
02/29/2012
Hedge fund assets may hit $2.1 trillion in 2012: survey
The survey, which covered more than 600 institutional investors representing $1.04 trillion of hedge fund assets, found that investors expect their hedge fund portfolios to return 8.6 percent in 2012, down from 11 percent last year.