News

Investment industry expert for Lugano

Christopher Cruden will be a headline speaker at the Swiss Wealth Forum in Lugano on September 6. Christopher began his business career in 1980 as a gold analyst with an investment bank in South Africa. In early 1988 he returned to the U.K. and became a Director of Adam, Harding and Lueck Asset Management Ltd (AHL). This firm […]

Waitrose boosts UK house values

It has long been a byword for social success, beloved by middle England for its upmarket products and service. Little wonder, then, that Waitrose can quite literally affect the fortunes of its neighbours. Living near to a Waitrose supermarket can help to boost the value of your home by nearly £40,000, according to research. The Waitrose […]

Signs of Abu Dhabi downturn

JLL, a leading real estate investment and advisory firm, released its second quarter Abu Dhabi Real Estate Overview report that assesses the latest trends in the office, residential, retail and hospitality sectors. JLL reported that, after 18 months of relatively stable conditions with the lack of demand growth being matched by minimal growth in supply, […]

Capital sought for Chinese fund

CreditEase Group, which runs a wealth manager and peer-to-peer lender Yirendai Ltd., is seeking to raise $200 million for a global private equity fund as Chinese individuals step up investing abroad. The fund allows people on the mainland to tap assets overseas, with investments starting from $150,000, according to Seungha Ku, head of offshore private […]

Wealth transparency move welcomed in Mexico

Anti-corruption activists vigorously applauded new laws signed by Mexican President Enrique Peña Nieto this week that will require public servants to disclose their financial assets, interests and tax payments for the first time in the nation’s history. “Public servants in Mexico have never been required by law to make financial disclosures regarding their assets,” said […]

Rothschild’s problems get worse

The troubles of the Rothschild family have taken a turn for the worse as the French government has announced it’s looking into the family’s banking operations in Switzerland. In 2015, the French government indicted David de Rothschild on account of fraud and alleged embezzlement of mass sums of money belonging to British pensioners, but the […]

Norway makes money out of Pokemon craze

Norwegians should be happy about the arrival of Pokémon Go – not only because they seem to be the most active players of the game in Scandinavia. The Norwegian sovereign wealth fund, the largest of its kind in the world, has made big bucks from the Pokémon Go hype. The sovereign wealth fund has made […]

Abu Dhabi fund still upbeat on China, India

The Abu Dhabi Investment Authority remains focused on China’s and India’s long-term growth prospects, even after emerging markets were hit last year by a slowing global economy. The emirate’s main sovereign wealth fund said in its annual review, released on Wednesday, that long-term returns declined last year amid volatility in markets, although it said the […]

Too small to play at BoA

Bank of America’s wealth unit is losing financial advisers who cannot meet performance targets because their books of business are too small, Chief Executive Brian Moynihan said. Big wealth management firms have been implementing tougher goals for advisers in recent years, pushing them to recruit richer clients, lend more and spend less time on clients […]

Unmasking the real Wolf of Wall Street

The U.S. Justice Department is seeking to seize more than $1 billion in assets including real estate, art and proceeds from the “Wolf of Wall Street” movie that it says were illegally acquired with money diverted from the embattled Malaysian development fund known as 1MDB. Funds diverted from 1MDB were used for the personal benefit […]