Hedge fund assets may hit $2.1 trillion in 2012: survey

The survey, which covered more than 600 institutional investors representing $1.04 trillion of hedge fund assets, found that investors expect their hedge fund portfolios to return 8.6 percent in 2012, down from 11 percent last year.


Absa cuts African precious metals sector to negative

South African platinum producers face the dual challenges of sustained high levels of unit cost inflation and weak metal prices, Absa said, cutting its price target on Impala Platinum, Anglo American Platinum and Northam Platinum.


Sarasin releases Islamic Wealth Management Report 2012

In its 2012 Islamic Wealth Management Report, "The path to corporate transformation - converting a company to Islam", Bank Sarasin reviews the complexities of converting a business to Islam, a topic which is rarely discussed or written about.


‘Gold prices may hit $5,000’

The metal may trade between $1,500 and $2,500 this year, ending 2012 at about $2,250, Christopher Wyke, London-based product manager for emerging-market debt, commodity and currency funds, said at a briefing in Singapore.


China set to become biggest gold market

India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.


HSBC aims to expand China presence

HSBC's plans, according to Gulliver, are either to lift its holding in Bank of Communications, one of China's big five banks, from 20 percent if given regulatory approval or increase its mainland China branch network from 110 to about 800.


Citi to provide administration services for Credit Suisse unit

As part of the mandate, a portion of the middle office operations within Credit Suisse's Asset Management division will be fully transitioned onto Citi's service platform, which includes operations, technology and data management capabilities.


Billionaire Talking With Wealth Funds on Gold Stake

Colombia’s gold deposits have attracted investment from Batista and AngloGold Ashanti Ltd, the third largest producer of the metal, after record prices and improved security following a government crackdown on drug-funded rebels.


Fine wine as an alternative investment

However, one should know that wine is not only a drink that gives pleasure to ones taste buds; it also has the ability to generate returns for investors.