Managers of Wealth

Swiss inch towards renminbi hub dream

News that Switzerland’s central bank recently opened talks with its Chinese counterpart to swap currencies has raised Swiss hopes of attaining a renminbi hub status.

Guernsey still leads in LSE listings, added most in 2013

LSE data shows that at the end of December 2013 there were 115 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market (SFM).

Pictet launches absolute return bond fund

The fund has a flexible and benchmark-unconstrained approach and will seek to diversify across rates, spreads and FX.

Singapore drops plans for gold fix amid London pricing probe

Singapore has dropped plans to set a daily reference price for gold

All that glitters: Century-old gold benchmark faces overhaul

Gold-fixing refers to a ritual dating back to 1919 in which banks speak by hone from a couple of minutes to more than an hour about buying and selling gold

Shipwrecked Bullion Worth Thousands Being Sold At Auction

The heavily laden treasure galleon of King Philip IV’s Tierra Firme Fleet sank near the Florida Keys

Robust ETP flows in December Mark Strong 2013 with equity ETPs reaching all-time record - BlackRock

Global ETP flows accelerated in December to $24.7bn, following the Fed's decision to begin trimming its $85bn monthly bond-buying program.

Double Digit Increases Revealed by 2014 Hedge Fund Compensation Report

The 2014 Hedge Fund Compensation Report revealed that hedge fund players received increases in both base salary and year-end bonuses.

BlackRock Global Survey of Institutional Investors

Major institutional investors around the world are poised to increase their allocations to alternative investments, with a bias towards real estate and real assets, during 2014

A Look at Global Hedge Fund Trends

Money Moves

Willis Group to Acquire Specialist Broker

Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has today agreed to acquire Charles Monat Limited

Brooks Macdonald sets up new firm to launch property fund

The fund will aim to deliver a high correlation to direct property markets, targeting a yield of 4.5%-5.5% with low volatility

Barclays Poised To Back Down Over Pay Plans

The shareholders have said that plans mooted by the bank to award share allowances to only its chief executive and chief financial officer do not go far enough.

Swiss boutique bolsters SICAV range with new launch

The Zeus Capital World Balanced fund will operate as a fund of funds across all asset classes, investing entirely in Ucits and Ucis-compliant funds.

Fortress Investment Group to Launch Bitcoin Fund

Institutional interest in bitcoin has been heating up

Grosvenor Capital Management Completes Acquisition of Customized Fund Investment Group from Credit Suisse Group AG

The combined business, with more than $44 billion in assets under management and over 375 professionals, will be one of the largest of its kind in the world.

Gottex readies fund to let Main Street invest like Wall Street

"This will allow investors to get access to a wide range of markets, trading strategies and alternative investments in a controlled environment," William Landes, senior managing director at Gottex and the fund's chief investment officer sai

Bitcoin platforms find ways to move forward after China bank ban

The third-party payment channel is fully cut, impossible to resume, but our transaction platform has to move on, said an unnamed chief executive of a bitcoin trading platform.

Hedge fund top brass pocket £317m

The accounts for 2012-13 show distributions to members were £317m

Work to restart on Dubai's artificial World islands as the emirate finally begins to recover from economic meltdown

The first European island to be built will be Germany, according to developers Kleindienst Properties.