Reuters: Hedge funds to fall by 35 per cent
Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent…
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Ice, Ice, Baby
What’s cool is hot and what cold is even hotter, according to the press release which just landed in Hedgehog’s…
ByUpper Crust or Stale Loafers?
Have private bankers become a pointless relic or do they still offer a uniquely useful service for wealthy clients, asks…
ByFreehold Willie
Property fund manager Willie Gething is keeping his head while all about him are losing their houses — and his…
ByMorally Spent
For the last decade, the pursuit of money has been seen as a moral good by the world’s financial classes.…
ByArt pays
When companies are as far in the hole as banks, selling an art collection can’t raise enough cash to service…
ByUs and them
The UK MPs were pathetic, like a bunch of prefects who could no longer employ the stocks or flog the…
ByReport: Number of HNWs falls 19%, assets 17%
The number of high net worth individuals in the UK fell by 19 percent during 2008, the biggest annual drop…
ByTelegraph: Duke’s fund may breach covenants
The Duke of Westminster, the UK’s wealthiest landowner, is in discussions with banks following concerns that his biggest fund, the…
ByKeeping an eye on the ISI
The real issue is the extent to which the perpetrators had links to the government or its agencies. There is…
ByNumber one at the CIA
Shooting from the lip is not a quality admired in the leaders of major intelligence agencies Several past Directors of…
ByFailure to launch
Everyone feels better for a bit of a stimulus now and again – including the economy Everyone feels better for…
ByStanford Group investigated by SEC, report says
Stanford Financial Group, which oversees more than $50 billion of assets, is being investigated by US regulators over its business,…
BySchroders Private Banking profits down by 4%
Private banking profits at Schroders fell 4 percent last year to a still-resilient £39.7 million, with net new business of…
ByReuters: UBS, CS fall back on wealth management
After curbing their investment banking ambitions, Switzerland’s biggest banks are again luring rich clients and this could help them weather…
ByGuardian: Madoff’s wife withdrew $15m
The wife of the renegade financier Bernard Madoff withdrew $15.5m (£10.8m) from an account at a Madoff-linked brokerage firm in…
ByStraits Times: Singapore denies it is a tax haven
Singapore is not a tax haven even as the Government cuts the corporate tax rate to 17 per cent this…
ByGuardian: Credit Suisse lost SFr8.2bn in 2008
Credit Suisse today reported a record full-year loss of 8.2bn Swiss francs (£4.91bn) after suffering losses of Sfr14.2bn at its…
ByBreaking news: Bankers apologise
Four of the country’s former leading banks chiefs today said they were “profoundly and unreservedly sorry” for events leading to…
ByGlobal depression time
Why are we calling the Global Depression now? Answer: because it is a fact and no one knows what to…
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