Global Wealth News

According to the BBC, new EU rules to regulate bank bonuses – announced on Thursday – will hit Mayfair hard: the onerous restrictions on pay, says Robert Peston,

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Energy hedge funds in Europe are collapsing after investor withdrawals forced managers to scale back bets amid sliding prices for oil, coal and electricity.

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An older generation of hedge fund heavyweights, including Julian Robertson and Michael Steinhardt, shut their firms after deciding they no longer wanted to invest money for clients. Some of today’s most successful hedgies are surrounding themselves with experienced traders in an effort to keep clients from pulling out after they stop running the funds.

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J.P. Morgan Chase & Co’s five-year effort to stitch together a coherent mutual fund management business finally came together last year.

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Cash-rich sovereign wealth funds are seeking a larger role in private equity deals and want to cultivate special relationships with buyout houses as they become influential cornerstone investors in their funds.

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In Bob McCann’s efforts to turn around UBS Wealth Management US, he will be getting advice straight from the horse’s mouth.

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Private equity continues to show signs of life in emerging markets despite drying up in the west, the manager of an emerging fund of funds said, but even in frontier African markets firms and funds are feeling the pinch.

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Investors have withdrawn unprecedented amounts of their cash from fund managers over the past year, leaving the industry in some disarray over how to rebuild customer confidence.

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Lehman Brothers has reached an agreement in principle to sell its merchant banking business, made up of two private equity funds, to management of the funds, a source familiar with the situation said on Thursday.

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Swiss bank Credit Suisse said on Tuesday it has injected about $164 million of capital to fund the operation of its wholly owned Indian non-banking finance subsidiary.

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