Managers of Wealth

Hedge funds are a 'limited' risk, says FSA

Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority.

SS&C GlobeOp Forward Redemption Indicator: August notifications 3.34%

"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, Chairman and Chief Executive

Manchester United: George Soros invests in football club

Mr Soros' investment fund bought about 3.1 million Class A shares in the club, according to the Securities and Exchange Commission.

EFG Asset Management launches new Asian fund

EFG Asset Management adds to its growth-oriented Asia strategies with the launch of the New Capital China Equity Fund

CME Group to open European derivatives exchange

Although the CME has partnered with other foreign exchanges to develop its product base and global presence, this will be the first time it has single-handedly launched a brand new exchange beyond the U.S.

London Central: A Bubble about to Burst?

“Central London property: a bubble about to burst” seems to be the headline of the moment.

DON'T BUY: These 7 Cities Are Renters' Markets

The breakeven horizon refers to the number of years after which buying a home is more "financially advantageous" than renting one. So, with a longer breakeven horizon it makes more sense to rent.

Danske Pension Arm Snaps Up Italian Bonds in Yield Search

Danica, which had investment assets of about $50 billion at the end of June, holds about 7.2 billion kroner ($1.2 billion) in mostly Italian short-term notes and some Spanish debt, according to Peter Lindegaard, the chief investment officer at the pension

Islamic finance body plans scholar accreditation, ethics code

This has fostered confusion when scholars' rulings contradict each other. And because scholars are paid by the institutions whose products they vet, the industry is open to accusations of conflicts of interest.

Goldman Sachs HQ sold for £264m

Goldman’s current lease, which costs roughly £18m a year, runs until 2021.

Chinese and Brazilian wine: Hello UK

Following the successful launch of two Indian wines last year, the retailer is working its way through the Brics.

Coldwell Banker teams up with BOC to entice rich Chinese

In Paris, Chinese buyers have jumped from 0.3 percent of buyers in 2009 to an expected 2.0 percent this year, with luxury apartments with a view of the Seine and the city's monuments enjoying the most demand from Asian clients.

Hedge funds make gains in July, says SS&C GlobeOp‎

The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2012 measured 1.42%.

EU hedge funds face pay threat

There is increasing industry alarm that draft guidance on how to implement the law could see restrictions such as bonus deferrals and clawbacks, which are already enforced in the banking sector, imposed on a wider range of big funds than first thought.

Brooks Macdonald subsidiary to manage new property portfolio

It will offer investors the potential for income generation and capital growth from ground rents. GRIF is expected to be capitalised at around £50m.

Bond Funds Capture Record Inflows of $350 Billion Worldwide in First Half - Research

Bond fund sales around the world are continuing at a record pace with $350 billion in net inflows during the first half of 2012, according to Strategic Insight, a business intelligence provider to the global fund industry.

Noah Holdings Limited Announces Unaudited Financial Results for the Second Quarter of 2012

Net revenues for the second quarter of 2012 were US$19.1 million, an 18.1% decrease from the corresponding period in 2011, due to a decline in net revenues in one-time commissions, which were partially offset by an increase in net revenues in recurring se