Hedge-Fund Chief Plans Sparkling Wine in U.K. Vineyard

“Why sit in front of a computer screen for the rest of your life watching prices go up and down when watching grapes grow is so much less stressful?” Driver said yesterday in an interview at Rathfinny, where the sound is of seagulls and you ne


Gold gained 480% in 10 years

Rhodes, who has been involved in the international precious metals business since 1978, took part in a panel debate today on the future of the US Dollar, BRIC (Brazil, Russia, India, China), and commodities, at the 51st ACI Financial Markets World Congres


Deutsche to open gold vault in London

In London, centre of the global bullion market, vault space is running low and numerous companies are attempting to break into the market.


UBS, Barclays prepare deal for Dream hotel

Demand for securities tied to everything from suburban strip malls to luxury lodgings is surging as investors wager that, with unemployment at its lowest level since February 2009, commercial-property owners will be able to cover their mortgage payments.


Clariden LGT move expected by May

Swiss asset manager LGT Capital Management acquired the 10-strong Clariden Leu insurance-linked team -which has more than $2bn of funds under management - earlier this month.


UK government launches scheme to recycle precious metals

Faced with a rising global demand for consumer goods and an increasing reliance on specialty metals from abroad, Environment Secretary Caroline Spelman published the Resource Security Action Plan to make sure UK businesses are more resilient to any change


Saudi Billionaire’s Gold Find May Spur Output

“This area has huge potential,” he said. “The revenue will be about $4 billion in 20 years’ time” from the 73 tons and the government will receive $1 billion from tax and royalty payments over that period.


US bonds edge up on short covering ahead of Fed

Underpinning demand for bonds, China posted its largest trade deficit in at least a decade, fanning concerns that slowing exports from the world's second-largest economy will lead to lower fuel demand.


Liontrust acquires Walker Crips Asset Managers

The acquisition of WCAM broadens the fund management capability at Liontrust, increases Liontrust's assets under management to more than £2 billion and gives the company one of the strongest ranges of UK equity funds and teams.


Push for fund managers to reveal pay

Australia's top fund managers earn salaries ranging from $500,000 a year to several million dollars, and some boost their pay packets further through incentive schemes and dividends.