Jul
03
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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Jul
03
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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Jul
03
Despite, or maybe because of the world’s economic travails, Islamic finance has continued to stride ahead, as investors seek alternatives to products that have let them down in the recent past.
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Jul
03
A newspaper in London, an acknowledged hub for Islamic finance, ran an eye-catching headline recently: “After six years, Sharia-compliant bank products are ‘huge flop’.”
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Jul
03
The number of high net-worth individuals in the UK has grown by almost a quarter since the recession in 2008 when numbers declined significantly. The number of HNW individuals rose 23.8 per cent to 448,000 in 2009 after falling by 26 per cent in 2008 to 362,000, according to the latest World Wealth Report published by Merrill Lynch Wealth Management and consultants Capgemini.
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Jul
03
Barclays bank has injected £350 million into its wealth management business as part of its ambition to quadruple the size of its business and double its number of private bankers.
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Jun
22
The third annual Rising Stars in European Wealth Management Survey, Financial News’s pick of the top 40 wealth managers under the age of 40, shows what a dramatic upheaval the industry underwent in 2009. Only a few on last year’s list continued their ascent. There are 35 new names, reflecting the changes wrought by the recession on an industry that many consider lethargic.
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Jun
22
Outsourcing has become a vital issue for independent financial advisers (IFAs) and an ever-growing source of revenue for discretionary wealth managers.
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Jun
22
Investment manager and stockbroker Collins Stewart Wealth Management has acquired Andersen Charnley, an independent private client wealth manager.
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Jun
22
RBC Wealth Management has hired two high-net-worth financial consultants from UBS Financial Services with more than $500 million in combined assets under management for its Portland, Ore., office.
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