Managers of Wealth

Abu Dhabi SWF says 'ready' to buy more hotel assets

The Abu Dhabi Investment Authority is ready to purchase more real estate hotel assets as the right opportunities appear

Luqman Arnold launches advisory business

The company will advise corporates, policy makers and entrepreneurs on strategy across areas including capital raising, corporate finance, mergers and acquisitions.

Miton multi-asset funds see near £200m redemption in H1

Almost £200 million has been withdrawn from Miton’s Multi-Asset funds during six months which included the departure of former manager Martin Gray and his replacement by David Jane

Horlick taken to task online over new fundraising

The firm raised £137,500 through Seedrs last summer to pay for the start-up costs of the business.

Surge in Jersey private placement registrations as AIFMD transitional period comes to an end

Figures collated by the JFSC show that, as at 22 July, a total of 164 funds had opted to make use of Jersey’s private placement route into Europe.

Glenfiddich seeks Drambuie in 100 mln pounds scotch merger

William Grant & Sons is among an initial crop of bidders for Drambuie, which is being pursued by other suitors including the French maker of Remy Martin cognac Remy-Cointreau.

Credit Suisse to Exit Commodities After Quarterly Loss

Credit Suisse Group AG said it will exit commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008.

Swiss National Bank, China Agree Currency-Swap Deal--Update

The Swiss National Bank and the People's Bank of China have agreed to set up a currency swap line designed to boost trade and investment flows between the two countries and help to make Zurich an offshore hub for trading the yuan.

Artist Pension Trust Begins to Sell From Contemporarry Art Trove

His Artist Pension Trust consists of about 10,000 artworks from 2,000 artists. Now that it has turned ten years old, works from the collection have begun to be sold.

Women-Focused Funds Show Return Promise

In the ETF market, the Barclays Women-In-Leadership ETN (WIL), which just launched last week, invests in U.S. companies that either have a woman as chief executive officer or that have women represent at least 25 percent of its board of directors.

Swiss boutique launches global corporate bond fund

The fund is registered for sale in Austria, Germany, Switzerland and Luxembourg. It is available in two currency-hedged share classes, these being Swiss francs and euros.

UBS, Swisscanto disagree on importance of full cost transparency

Swiss pension funds have “no reason” to invest in funds that are not fully transparent on costs, Swisscanto has said in a debate on the cost of asset management.

Superwoman returns: Nicola Horlick raises funds to finance films

City 'superwoman' turned movie mogul aims to put £146m into Hollywood projects

Heritage expands UK operations with FCA-approved depositary service

Heritage Depositary Company (UK) Limited offers specialist services including asset verification, safekeeping, cash monitoring as well as oversight and compliance to AIFMs.

Marijuana Industry a New High for Alternative Investments?

Alternative investments comprise a quarter of the portfolios of the wealthiest households, those with a net worth of at least $25 million,

Emerging markets may be the future for cryptocurrencies

Some of the world’s biggest emerging markets will skip traditional banking payment systems completely, according to Michael Wallis-Brown chief commercial officer at Guvera, and founder and chief executive officer of Tapp Tribe.

Emerging capital markets are expected to double their global index share by 2030 - Credit Suisse

Despite rapid growth in capital-raising over the past two decades, emerging country capital markets remain underdeveloped

Domicile choice comes to the fore at Guernsey ILS event in Zurich

Domicile choice was one theme which stood out through both sets of discussions and Guernsey was singled out for praise.

Ipes authorised by the FCA as Private Equity AIF Depositary

Ipes is pleased to announce they have received FCA authorisation to act as Private Equity AIF Depositary under the Alternative Investment Fund Managers Directive

The battle for Bimini: Hemingway's Bahamas paradise under threat as locals row over plans to bring in 500,000 tourists a year

The smallest inhabited island in the Bahamas is where Hemingway set his novel Islands in the Stream and has long been an exclusive enclave for America's wealthiest tourists.