Bloomberg: Russians jumping on distressed US houses
July 15 (Bloomberg) — Russian millionaires are returning to the U.S. property market, lured by distressed sales and the ruble’s…
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Wealth
FT: Hedge funds show best quarterly results
Hedge fund managers forecast that a wave of investor cash would flow into the industry in coming months after evidence…
ByPerpetual Patronage
It seems like only yesterday that Hedgehog was sitting in the VIP lounges at Design Miami/Basel and Art Basel (held…
ByYou Bastards!
Spear’s occasionally receives unwarranted hate mail. Here is the latest piece – unsigned, of course. Spear’s occasionally receives unwarranted hate…
ByPB profits down 70% in final quarter 08
The private banking industry’s operating profit pool in Europe last year was 42 percent below the level of 2007, and…
ByFT: Wealthy investors still like risk
More than a third of wealthy investors earning over £50,000 a year have not reduced their attitude to risk because…
ByShoot to kill
Should western democracies stoop to the same tactics, ordering assassinations? Immediately following the 9/11 attacks on new York and Washington,…
ByIs Islamic finance really an alternative?
The current afflictions of global financial markets have resulted in Islamic finance coming under the spotlight as a better alternative…
ByAP: Top American club saved after bankruptcy
BILLINGS, Mont. Montana’s ultra-posh Yellowstone Club is in new hands, following a $115 million deal that the new owner hopes…
ByWBrief: Citigroup PB’s revenues down by 20%
Citigroup reported a $4.3 billion profit for the period ended 30 June 2009, boosted by a $6.7 billion after-tax gain…
ByFT: Private banks see net inflows, mutuals bust
European private banks continued to attract net inflows of client money last year, even as the mutual fund industry haemorrhaged…
BySunday Times: Lord Myners loses faith, finds god
Lord Myners, the minister appointed to clean up the City, is so disenchanted by bankers’ greed and self-aggrandisement that he…
ByTimes: Walker report to prompt exodus?
A new government-sponsored crackdown on City pay was condemned yesterday as too extreme amid warnings that it risked triggering an…
ByThe author, elated
The author, elated, at Farah Damji’s book launch. The photograph was taken by Anna Cohen. The author, elated, at Farah…
ByBreaking: JP Morgan PB’s revenues down by 10%
JP Morgan said its private bank revenues fell by 10 per cent or $640 million in the second quarter of…
ByPeople Will Talk: In the bar
Overheard in the Bemelmans Bar, the Carlyle Hotel, Manhattan. Overheard in the Bemelmans Bar, the Carlyle Hotel, Manhattan. Please send…
ByFT: US to reveal hedge fund legislation
The Obama administration will on Wednesday unveil draft legislation that will require all US hedge funds with more than $30m…
BySausage roll-call
Describing the taste of food is probably as hard as describing the sounds of music. The experience of taste being…
ByGuardian: Goldman enjoys bumper profits
The investment bank Goldman Sachs delivered a clear signal that the good times are returning on Wall Street by milking…
ByTimes: ‘Billionaires’ Row’ mansion occupied by squatters
Squatters have moved into a London super-mansion in a road dubbed “Billionaires’ Row”, a few doors from a house owned…
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