Managers of Wealth

The evolving role of philanthropy

With a renewed sense of purpose comes an opportunity to reshape priorities and practices for the next era of philanthropy.

The number of billionaires soared during the pandemic.

Meanwhile, 263 million people are at risk of falling into extreme poverty this year.

Tax breaks aren’t prime reason for high-net-worth philanthropy, study finds

There’s a stronger interest in charitable giving among millennials, Gen X and the wealthiest investors, according to the report.

Tragedy

“We must realize that growth is but an adolescent phase of life which stops when physical maturity is reached. If growth continues in the period of maturity it is called obesity or cancer.” - Albert A. Bartlett.

In it for the money? Get the most out of your cash

People held onto this money as a safety measure and also due to being stuck at home, which led to the highest personal savings rate since World War II.

Martin Gilbert To Asset Managers: Adapt or Perish

One of the problems with the industry, Gilbert says, is that large swathes of it is commoditized and awash with products that are almost identical in terms of both investment approach and performance.

Our currency, your problem

So said a former U.S. Treasury Secretary in 1971 to other finance ministers struggling with the soaring dollar. 50 years later, the strength of the greenback is again threatening many financial balances around the world.

HSBC Executive Suspended Over Climate Change Comments

Unsubstantiated, shrill, partisan, self-serving, apocalyptic warnings are ALWAYS wrong, Kirk wrote in one of the presentation slides at the event.

Residential mass-market housing: a defensive sector in an inflationary world

Russia’s invasion of Ukraine and the resulting sanctions are adding more pressure and uncertainty.

How to engage your private clients to achieve the maximum impact

Implementing a hybrid servicing approach allows a lot of processes to be digitalised because it is more convenient, minimises wait time and ultimately promotes the option of having a browsing style that suits the customer

Are corporate credit markets at once-in-a-generation yields?

Inflation is proving very high in the short term, whereas longer term growth is trending downward.

Early birds reap the benefits from tax-free savings

That may not sound like a lot, but over the long-term that £400 can grow and earn its own dividends.

As Sweet As Honey: Why Mead Is the Latest Wine to Know

Mead, one of the oldest drinks in the world, is having a moment.

Fixed Income Research: An intriguing value proposition

With 30-year US Treasuries down more than 20% year-to-date, it is now possible to buy Emerging Market Investment Grade bonds in the $80s and even selectively in the $70s.

Five financial truths about Millennials at 40

Results from the 2021 Natixis Global Survey of Individual Investors reveal how Millennials are changing.

Views from the Floor

Has recent volatility forced markets from hedging mode to liquidation mode?; the unusual 5-week selloff of both Treasuries and the S&P 500; and the trials of being a central banker in a time of stagflation.

12 best private schools in the UK, and their most notable alumni

Dulwich’s headmaster received a letter from one of the teachers expressing their concern about the views being expressed by one of the school’s students

26 of America’s Richest Billionaires Paid 4.8 Percent Tax Rate in Recent Years

The report demonstrates the vast disparities between the tax code for the rich and for regular Americans.

Positive earnings surprises but softer guidance

Sales and earnings growth for Q1 2022 in both the US and Europe exceeded expectations, led by strong energy sector results. The percentage of companies beating forecasts is above the long-term trend, but the margin of surprise is lower than recent quarter

Swiss investors are much more worried about geopolitics than the rest of Europe

Vanguard’s Kunal Mehta discussed what Swiss investors want from active fixed income at the Finanz 22 event in Zurich.

Comment & Analysis