Managers of Wealth

Old Mutual plans restructure over merger

Julian Ide has been confirmed as chief executive of Old Mutual

Indian duties impose a burden on Dubai’s jewellery trade

Jewellery trade sources here now say they are hopeful of a pullback by the Indian authorities on the import restrictions, more so because of the recent reform policies reinitiated by the government.

Revealed: S&P Capital IQ’s 2012 fund award winners

S&P Capital IQ Fund Research has announced the winners of its 2012 Fund Awards which seek to recognise outstanding performance in the fund management industry.

Credit Suisse looks to run U.S. exchange

The plan, which has not been made public, is taking shape amid heightened tensions between exchanges and brokers, which compete with each other for trades. Brokers also are big customers of exchanges.

Fund of hedge funds firm hires Cantor Fitzgerald

CFIA is currently performing investment management services

Novia brings Carmignac Gestion to the UK

The funds cover equities, bonds and diversified asset classes, and have been added as part of a push to attract advised business, according to the two firms.

BNP Paribas Securities Services Wins New US Global Custody Mandate

“As one of the largest administrators of UCITS funds with a heritage in strong client service, BNP Paribas was the stand-out contender,” added Mr. Farman-Farmaian.

Blackstone targets stakes in hedge fund managers

No target for the size of the new fund had been set, although it could attract between $2 billion and $3 billion, the person said.

GAM assets rise 5 percent on performance, inflows

Group assets under management of CHF 116.8 billion[1], up 5% from 30 June 2012.

Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point

Pandit is viewed by the hedge fund community as a rainmaker due to his ties to deep-pocketed investors.

Hedge funds up 1.04% in August, says Dow Jones Credit Suisse

A new monthly commentary offers insight into hedge fund performance through the month of September.

Swiss private bank to sell European ETF business - sources

Credit Suisse is the fourth-largest ETF provider in Europe

Man Group shareholders call for Roman to oust Clarke as CEO

According to the Sunday Times, top shareholders in the firm have lost faith in Clarke’s ability to turn the situation around.

Rare Qatar-Dubai bank notes fetch $290,000

The uncirculated notes all feature the same early serial number, which makes them even rarer, said the auction house.

Global alternative asset management group continues to generate positive returns

Total fee-earning assets for the quarter increased by 2.0% to USD 7.56 billion compared to USD 7.41 billion at 30 June 2012, primarily as a result of USD 625 million subscriptions, including Penjing.

Hedge Fund Redemptions Down Slightly In October

Hedge fund redemptions for October are down slightly from September, according to the the SS&C GlobeOp Forward Redemption Indicator.

James Hay adds 100 new funds to platform

Chris also said: “We have added a number of funds from leading fund houses such as BlackRock, Fidelity and Aviva Investors. These are funds that have good track records and advisers are looking to use for their clients.”

Henderson to power Paradigm investment proposition

The multi-asset funds will be managed by Henderson head of multi-asset Bill McQuaker

Morgan Stanley's wealth management business shows improvement

Morgan Stanley's wealth management business posted a stronger profit margin in the third quarter

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 1.04% in September

The Dow Jones Credit Suisse Hedge Fund Index, an asset-weighted benchmark that seeks to measure hedge fund performance and provide the most accurate representation of the hedge fund universe.