07/17/2013
Blackstone doubles revenues and triples earnings
Robust realizations allowed us to generate significant returns for our fund investors and higher distributable earnings for our unitholders.
FinTech
07/17/2013
Quilter Cheviot to Boost Intermediary Offering
The merger of investment firms Quilter and Cheviot Asset Management will help the company focus more on the structure and management of bespoke portfolios
07/17/2013
Swiss boutique takes over rival’s special situations fund
It has rebranded the Luxembourg-domiciled fund the Zeus Capital Sicav Investimenti Flex.
07/15/2013
Grosvenor purchases City office at 5.9%
Grosvenor Fund Management has acquired Fleet Place House in the City of London financial district.
07/14/2013
Gold! $250K in centuries-old coins found
Brisben owns the 1715 Treasure Fleet Queen's Jewels salvage company.
07/08/2013
Libor moving to NYSE Euronext
NYSE Euronext will take over the Libor in early 2014.
07/07/2013
US Mint Bullion Coin Sales Soar in First Half of 2013
Even as gold and silver marked double-digit declines through the first half of 2013, demand soared for United States Mint bullion coins.
07/04/2013
Gottex completes Frontier acquisition
He will continue to lead the Frontier business, and joins Gottex as a senior executive in its multi-asset business.
07/01/2013
Credit Suisse Liquid Alternative Beta Index Down 1.07% in June
The Managed Futures strategy was the strongest performer for the month, finishing up 0.69% in June, and up 6.15% year-to-date.
07/01/2013
Cazenove team set to move to Schroders’ office
Cazenove’s fund managers and distribution staff to move to Schroders’ offices as buyout goes through as sales departures confirmed.
07/01/2013
An Advisor Platform Looks for 10 Fund Managers
Fund managers now have another resource for selling and distributing to that hard-to-reach sector, independent advisors.
06/29/2013
Saudi Fransi to offer BlackRock products
Cooperation with BlackRock will yield new opportunities to SFC clients through the diversity of investment solutions and strategies offered
06/29/2013
Qatar, Singapore move closer with a reason
Singapore and Qatar have a long-lasting, friendly relationship
06/28/2013
Dubai Scrambles to Fly Gold Bullion from West to East
There is not enough space on airlines flying in to Dubai to meet the rapidly rising demand for physical gold in the emirate since the price plunged to record lows this week.
06/27/2013
UBS boosts Swiss presence in commodity trade finance
In October, the Zurich-based bank said it would let 10,000 staff go as it withdraws from large parts of fixed income
06/27/2013
Credit Suisse Client Survey: Commodities Investors Focus on Fundamentals as Ebbing Correlation Brings Market ‘Sea Change’
A new survey from Credit Suisse finds investors are focusing on fundamental strategies to generate benchmark beating returns as the correlation between commodities and other asset classes breaks down.
06/25/2013
Intermediaries more confident about the UK
Intermediaries are becoming less fearful of the effects of inflation
06/24/2013
Northern Trust Develops Index Methodology to Highlight Benefits of Tax-Transparent Fund Structures
The Tax Transparent Markets Index index, powered by Thomson Reuters, compares the after-tax performance of investments in tax-efficient contractual funds versus those in non-tax transparent fund structures for U.S.
06/23/2013
Novia sees AUM grow to £1.42bn
Wrap platform says combination of low interest rates and increasing returns from equities is persuading investors to return to the market.
06/20/2013
Hedge fund exits rise in June as investors reposition at mid-year
Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere.