Managers of Wealth

Hedge Fund Investors Continue To Question Offshore Director Independence

Despite increased importance investors continue to under research hedge fund directors during operational due diligence

MR Own Plc, the local arm of Malaysian conglomerate Berjaya Group beefed up its investments in London with the acquisition of a stake in a real estate company.alaysian conglomerate buys into London property firm

After taking over British luxury car dealer HR Own Plc, the local arm of Malaysian conglomerate Berjaya Group beefed up its investments in London with the acquisition of a stake in a real estate company.

BNP Paribas Securities Services launches Global intraday liquidity reporting

The service allows BNP Paribas to deliver customised reports on cash account balances globally, using its existing ‘NeoLink’ web portal for clients.

Guernsey adds 100+ new funds during 2013

Figures from the Guernsey Financial Services Commission (GFSC) show that 16 new funds were approved during the first quarter of last year, 24 during the second, 33 during the third and 30 in the final quarter of 2013.

JTC Group launches escrow services

JTC Group has bolstered its cross-border corporate services offering by launching a range of escrow services for global public and private companies.

Bitcoin exchange CEO found dead in Singapore

Autumn Radtke, the CEO of an upstart bitcoin exchange, died last week under mysterious circumstances at her home in Singapore.

Hanson is banking on Spanish tie-up

Man-about-town Robert Hanson is teaming up with the Spanish. Boutique bank Renta 4 Banco is taking a 14.99% stake in Hanson Asset Management, the London wealth management firm that Hanson chairs.

Bramson grabs £100m stake in Electra Private Equity

Prominent activist investor Edward Bramson has become the largest shareholder in private equity firm Electra, just three months after he exited 3i.

Defaqto overhauls star ratings system

Defaqto has overhauled its star ratings system for discretionary management to include a separate category for model portfolios on platforms.

Hedge funds report resurgence in inflows from sources of private wealth

Opalesque Industry Update - 50% and 34% of hedge fund managers reported a growth in capital coming from family offices and wealth managers respectively in 2013.

Ikos Co-Founder Starts New Fund With $270 Million

His Malta-based firm, called dormouse, has been trading since July 201

UBS Planning China Stock Futures as Hedge Demand Soars

“It is a promising business,” Yang said in an interview at the bank’s office in Shanghai. “That’s why we bought the futures broker.”

Man Group Rises on $115 Million Share Buyback and Client Inflows

Man Group Plc, the world’s largest publicly traded hedge-fund firm, rose the most in 10 months after announcing a $115 million stock buyback and saying clients added money to its funds for a second straight quarter.

OYSTER registers funds in Sweden

The Swedish client base is of particular interest since more than three quarters of Swedes invest in investment funds, making it an important European market.

Latest figures paint a picture of impressive resilience and stability for Jersey’s finance industry

The latest figures for all sectors of Jersey’s finance industry illustrate a solid performance during 2013 against a challenging global economic, regulatory and political backdrop, as firms report an encouraging and optimistic start to 2014.

Growth in landmark real estate and private equity structures reflects Jersey’s global appeal

A rise in high value real estate and private equity funds targeting UK, continental European and global assets have been structured through Jersey in recent months, providing evidence of Jersey’s growing appeal as an alternative investment funds dom

Changes to the Guernsey Class B Rules - Ogier

The Authorised Collective Investment Schemes Rules 2013 came into operation on 2 January 2014, replacing the Collective Investment Schemes Rules 1990

Charities Property Fund returns 11.2% in 2013

In one of its most successful years since inception 13 years ago, the Fund invested £130 million in 15 new assets, reflecting an average yield of 6.5% after the costs of acquisition.

Euroclear Bank selected for settlement of US stocks by EuroCCP

Under the service which was launched today, transactions in US stocks listed and traded on Turquoise will be settled on behalf of clients at Euroclear Bank in any of the 54 settlement currencies offered by the ICSD.

Swiss Re's Profit Rises More Than 50%

Swiss Re AG posted a more than 50% gain in fourth-quarter profit, as the reinsurance giant benefited from relatively few losses due to natural catastrophes.