The IAM survey indicates that the trend of insurance companies outsourcing the management of their balance sheets to third party asset managers remains strong. Outsourced general account assets now total $1.21 trillion, an increase of 5.5% from December 2
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.
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.
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.
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.
Paulson also cited gold as a hedge against the euro currency, as a breakup may occur, and an eventual increase in inflation.
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.
For the month of February 2012 to date, the US Mint has recorded sales of 835,000 of the one ounce American Silver Eagle bullion coins.