07/25/2012

Kay review calls for overhaul of fund manager pay

The John Kay review of equity markets, published this week, calls for regulatory authorities to ensure fiduciary standards apply to all relationships in the investment chain, including asset managers, brokers, platforms, IFAs and the end investor.

07/24/2012

New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to

07/23/2012

The Fine Art Alternative

Clearly, only an ultra-high-net-worth client can make that kind of investment. For financial advisors to the super-wealthy, fine art is an asset they cannot ignore.

07/22/2012

Julius Baer clinches China deal to tap wealthy clients

The Swiss private bank on Monday confirmed targets including annual net new money growth of up to 6 percent - which it exceeded in the first half of the year - after winning funds from rivals such as Sarasin and Credit Suisse's Clariden Leu, which ar

07/19/2012

New Asia hedge funds raise US$2bil in first half

New Asian hedge funds collected US$4.43bil in 2011, powered by major launches such as ex-Goldman Sachs Group Inc trader Morgan Sze's Azentus and former Asia head of Highbridge Capital Carl Huttenlocher's Myriad.

07/16/2012

Midas Balanced Growth Fund removal from the Wealth 150

Founded in 2002, Midas was one of the front-runners in multi-asset fund management: combining a range of different asset classes including government bonds, equities, fixed interest, property and alternative investments, in a single fund.

07/16/2012

Gold Demand in India to Drop as Buyers Prefer to Hoard Cash

Demand is going to be subdued, given the state of the economy and the sentiment,” Ajay Mitra, managing director, Middle East and India at the council, said in a phone interview from Mumbai. “People are preferring to stay invested in cash becau

07/12/2012

Will Saudi Arabia Open Its Exchange?

With 152 companies listed, the Tadawul is one of the biggest exchanges in the Gulf. And in terms of volume, it’s the largest in the region.

07/11/2012

Jefferies eyes Asia as European revenues slip

The US bank said in a filing on Monday that revenues in Europe for the six months to May 31 were $202.8m, down 15% on the $235m it made during the same time last year.

07/10/2012

KPMG Tops the List

KPMG International has moved up to the top spot, leading this year's rankings of The World's Best Outsourcing Advisors by the International Association of Outsourcing Professionals® (IAOP®), a standards-setting and professional advocacy