Citywealth - Banking/Investments Articles
08 Mar 2010
IPS Capital: A run on the pound
Our other profitable move for February was to increase our US Dollar exposure for our Sterling based clients. Fears of a hung parliament, confirmation from the Bank of England that further quantitative easing remains possible and technical factors (most notably Prudential’s bid for AIG assets) conspired to generate a run on the pound. For a variety of reasons we do not think the UK is in as much trouble as Greece. While we think Sterling weakness could be around for a while (perhaps until the uncertainty of the election result is behind us) we will be looking to take our profits on this position and move back to being broad Sterling neutral. Read more...
06 Mar 2010
Paul Patterson, Head of RBC Wealth Management, British Isles
Patterson, who has been with RBC for twenty five years started in the domestic Canadian wealth management business. He moved offshore in 1996 to the Bahamas, and essentially ran a Bahamas trust company then ran the Caribbean and Americas region before moving to the Channel Islands in 2004. “When I moved to Jersey, RBC Wealth Management employed eight hundred people on the Island. Since then we’ve doubled the business to fifteen hundred people,” says Patterson. Read more...
10 Feb 2010
Liontrust appoints Head of Retail
Ions has been Chief Executive of Tactica Fund Management since it was established in 2005. Tactica distributes onshore and offshore multi-asset class funds that are managed by Goldman Sachs International.Previously, Ions was Joint Managing Director of SG Asset Management and Chief Executive of Societe Generale Unit Trusts Limited, having been a co-founder of the business in 1998. Ions was also formerly Head of Distribution at Aberdeen Asset Management. Read more...
10 Feb 2010
The power of the pink dollar. LGBT (Lesbian, gay, bisexual, and transgender) fund launches
Galileo Capital Management have launched LGBT Capital, a specialist Corporate Advisory and Investment Management Unit focused on the LGBT (lesbian, gay, bisexual, and transgender) consumer market. Read more...
10 Feb 2010
“As goes January goes the year”
“As goes January goes the year”, according to market folklore. If the last six weeks are a leading indicator for the year as a whole, we could be in for a bumpy ride. Read more...
09 Feb 2010
Comments from Investment Managers of the Pictet Thematic Funds
After a tough year for farmers in 2009 due to the fall in crop prices, 2010 appears far more promising for the entire sector. Farm spending was reduced in 2009 owing to lower crop prices and low credit availability, but we expect both to improve in 2010, driving fertilisers, crop protection and farm equipment spending. We expect fertiliser application rates to improve in 2010 compared with a very slow 2009. With bumper crops in most important farm areas in the northern hemisphere and potash application cut by half in 2009, soil nutrient levels have been drained. Land prices have held steady in most regions during the recession, and with most soft commodities pointing towards higher prices in the future, the outlook for farmland also remains positive. Read more...
09 Feb 2010
Chinese go crazy for luxury brands
Comment from Scilla Huang Sun, fund manager, Julius Baer Luxury Brands Fund Read more...
09 Feb 2010
Merrill Lynch Wealth Management: "investors are still extremely wary"
Bill O’Neill, Portfolio Strategist at Merrill Lynch Wealth Management says investors wary about the sustainability of the upturn. Read more...
17 Nov 2009
Vestra Wealth interview and investment tips for portfolios of all sizes
“It will be very hard to rebuild. People are reluctant to take risks with their money now. If they’ve lost a lot, investors would need to be more aggressive with investment decisions but most just don’t want to do that at the moment. Some people are ok with their losses and are pragmatic even if it was a bit of a shock but they still wouldn’t want to lose any more. Many people didn’t understand the risk they were taking with their money. It’s worse if people need their money for retiring or school fees then it’s even more difficult. People are having to re-evaluate their lives in the light of the downturn and significant losses.” Read more...
10 Nov 2009
Highmount Capital, LLC is a boutique wealth management firm with offices in New York, Boston, and Amsterdam appoints first Chief Investment Officer, K
Bannon was Chief Investment Officer and Executive Vice President of the Bank of New York from 1993 to 2007 and previously served as Head of Private Client Asset Management and Director of Investment Research. He began his career at U.S. Trust in 1974. . Bannon received an MBA in Finance from the Stern School at NYU and a BS in Economics from the University of Pennsylvania’s Wharton School, and holds a CFA designation. Bannon serves on the Boards of the Boys and Girls Clubs of Northern Westchester and The Hundred Year Association of New York. Read more...
