Managers of Wealth

Hedge fund assets may hit $2.1 trillion in 2012: survey

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.

Absa cuts African precious metals sector to negative

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.

Sarasin releases Islamic Wealth Management Report 2012

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.

Deutsche Bank Publishes Tenth Annual Alternative Investment Survey

Deutsche Bank today announced the results of its tenth annual Alternative Investment Survey, which was conducted in December 2011 by the Bank's Global Prime Finance business.

‘Gold prices may hit $5,000’

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.

Schroders to launch European Total Return fund

Schroders will launch an offshore fund targeting European equities for one of its new recruits next month.

Paulson Said to Tell Clients Gold Fund Will Top Others

Paulson also cited gold as a hedge against the euro currency, as a breakup may occur, and an eventual increase in inflation.

St James Developments London Property fund added to Clara Compare

St James Developments has announced the launch of The St James Developments London Property fund.

Veteran Hong Kong hedge fund closes after 28% loss

A veteran Hong Kong hedge fund has joined the ranks of Asia's shuttered hedge funds.

China Has a Thing for Cognac

China and Kanye West have something in common: a love for cognac.

Pictet launches Pictet-Global Bonds Fundamental fund

The fund will invest in global government bonds using a fundamental framework to determine an issuer’s ability and willingness to honour its debt obligations.

Hargreaves Lansdown adds Legg Mason fund to Wealth 150 list

Hargreaves said the fund’s management team has built an “impressive track record” over the life of the vehicle and tipped the manager’s investment style.

China set to become biggest gold market

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.

Gold and Silver Eagle Bullion Sales Slower After Brisk January

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.

HSBC aims to expand China presence

HSBC's plans, according to Gulliver, are either to lift its holding in Bank of Communications, one of China's big five banks, from 20 percent if given regulatory approval or increase its mainland China branch network from 110 to about 800.

Citi to provide administration services for Credit Suisse unit

As part of the mandate, a portion of the middle office operations within Credit Suisse's Asset Management division will be fully transitioned onto Citi's service platform, which includes operations, technology and data management capabilities.

Billionaire Talking With Wealth Funds on Gold Stake

Colombia’s gold deposits have attracted investment from Batista and AngloGold Ashanti Ltd, the third largest producer of the metal, after record prices and improved security following a government crackdown on drug-funded rebels.

CI acquires stake in hedge fund firm Lawrence Park ‎

In addition, CI will provide administrative services to the fund and assist LP Capital Partners in developing and executing a growth strategy.

World's first yuan-denominated gold ETF makes weak debut

It was flat at midday at 35 yuan (US$5.60), with 30,000 units exchanging hands. Each board lot of the ETF is 100 units.

Fine wine as an alternative investment

However, one should know that wine is not only a drink that gives pleasure to ones taste buds; it also has the ability to generate returns for investors.