Russian Billionaires Are Putin's Hostages

Russia's financial crisis has seen the Russian equity market's total capitalization plummet to $345.9 billion from $647.4 billion, as measured by the RTS index. That makes all the country's public companies together worth about as much as


Swiss & Global replaces custodian for Luxembourg funds

Swiss & Global Asset Management has changed the investment services provider for the majority of its funds domiciled in Switzerland and Luxembourg, which have $70 billion (€56 billion) of assets under management.


Julius Baer pares BlackRock product range

The moves comes after the US fund house had gained a dominant share of Julius Baer's shelf space following the Swiss bank's acquisition of Merrill Lynch's wealth business.