07/22/2012
Chairman Wang Dongming entered exclusive talks with Credit Agricole in March over the French bank’s remaining CLSA stake to add overseas research, brokerage and investment banking to Citic Securities’s operations.
07/22/2012
Christian Dargnat, chief investment officer of BNPP IP, says the decision was taken “due to the impact of market volatility”, which has seen OAM lose “very big mandates” and its profitability fall.
07/22/2012
SunGard’s offices in Switzerland provide local support as well as technical points of presence that give local customers efficient access to global trading venues through the SunGard Global Network.
07/22/2012
That hidden wealth is costing governments $280 billion a year in lost tax revenue, the report says.
07/19/2012
The fund was launched last Friday and has a range of share classes available across Europe.
07/19/2012
Total assets under management grew to $36.7 billion on 30 June, up from $34.2 billion on 30 December.
07/18/2012
Tony Stenning said the BlackRock Consensus Funds, a collection of five funds, offered simple, cost-effective and diversified core asset allocation portfolios, with independent risk ratings on each fund to help advisers tailor them to their clients’
07/18/2012
The higher revenue hike was largely down to the inclusion of an estimated £35m pounds from the FTSE index business the exchange bought in December.
07/17/2012
The deal was originally announced in May.
07/17/2012
Europe’s debt crisis is by far the biggest worry worldwide, with the US “fiscal cliff” and China’s property slide well behind.
07/17/2012
About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.
07/17/2012
The fund is aiming for a return of 10 per cent to 15 per cent and will have a market neutral strategy.
07/16/2012
In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns.
07/16/2012
RBC Dexia has announced its investor services arm has been chosen by Zurich-based Swiss & Global Asset Management, which manages over 100 funds for private bank Julius Baer, to provide custody and fund administration for four recently launched exchang
07/16/2012
In its response to the US Securities and Exchange Commission (SEC) ahead of the SEC’s implementation of the JOBS (Jumpstart Our Business Startups) Act, AIMA said it supported the legislation’s purpose of improving access to capital and enhanci
07/16/2012
Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, May and YTD 2012 performance numbers are listed below and are available at www.hedgeindex.com.
07/16/2012
Founded in 1998, Horizon focuses on advising on asset management in the French real estate market and comprises a €250 million Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.
07/16/2012
A Chinese billionaire whose bid to buy Icelandic land was blocked by the local government last year, said he’s secured a deal to lease the property instead, helping him revive his resort project.
07/16/2012
RoE in Germany will fall to 4 percent from 7 percent and in Italy it will drop to 3 percent from 5 percent, McKinsey estimated.
07/15/2012
BNY Mellon has been appointed by Menzis to provide custody and other value added services as part of a fully integrated servicing solution.