- Managers of Wealth -Wealth, private banking and asset management news and opinion

China’s Gold Hunt to Back its World Currency Bid

Lombardi strongly believes that China wants enough gold reserves to back the yuan, in order for the yuan to be taken seriously on the world stage.

U.S. Mint gold, silver bullion coin sales rebound from February doldrums

As of Sunday, March 18, gold bullion sales totaled 30,000 ounces, while overall gold bullion coin sales in all sizes were reported at 31,500 ounces.

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

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.61% in February

Performance for the Broad Index and its 10 sub-strategies is calculated monthly.

Singapore Seeks To Be Asian Bullion Hub With Tax Free Gold and Silver

Another sign of Asia’s increasing importance in the global gold market is news that Singapore is planning to boost its share of global gold trade sevenfold after scrapping taxes on gold, silver and platinum bullion.

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.

State Street Global Advisors cautions on gold bubble bursting

The forecast comes from SSGA's Chris Goolgasian, whom we followed last week as he tackled the difficult subject of how to value gold.

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.

Barclays joins JPMorgan in top ranks on commodities desk

JPMorgan’s global commodities business, led by Blythe Masters in New York, and the Barclays’s unit run by Roger Jones in London, have been expanding through acquisitions and hiring.

Demand Jumps for Bullion Coins, Infantry Commemorative Products

In a rarity, demand climbed sharply for all 2012 Infantry Soldier Silver Dollar commemorative products during their second full week of availability, the latest U.S. Mint sales figures revealed.

UBS launches ‘twin–engine’ Asian HY fund

The Luxembourg-domiciled UBS Asian High Yield fund’s ‘twin-engine’ strategy will focus on Asian high yield corporate bonds and Asian currencies.

Jupiter profits jump despite inflows shrinkage‎

Chief executive Edward Bonham Carter said: "2011 was a positive year for Jupiter, despite the significant headwinds presented by the Eurozone crisis and increased pressure on household finances.

Jefferies Hoare Govett wins Nord Gold broking role

Jefferies will act as sole broker to newly listed Nord Gold, which was appointing financial advisors for the first time after being spun out of Russian steelmaker Severstal earlier this year.

Northern Trust: 1 in 3 has 40% of stocks, bonds in passive strategies ‎

A Northern Trust survey of 121 institutions, predominantly pension funds, in Europe, Asia and North America, forms the basis of the white paper entitled, Customized Beta: Changing Perspectives on Passive Investing.

Cazenove unveils European income fund for Rice‎

The Fund will seek a combination of high income with some long-term capital growth, aiming to outperform the FTSE World Europe Index and deliver a healthy yield to investors. Income will be available quarterly.

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