Tag Archives: private bank

Despite ’08 pain, the rich still like hedge funds

Reuters – It appears nothing — not losses, redemption gates or lofty fees — can deter the rich from stashing their cash in hedge funds. A year after crumbling markets triggered losses and fund managers drew fire for blocking redemptions, […]

Julius Baer buys ING’s Swiss private banking business

Finance Asia – Swiss private bank Julius Baer Group will buy ING Bank (Switzerland) for SFr520 million ($505 million) in cash. Julius Baer will gain SFr15 billion of assets currently under management with ING in Switzerland, adding 10% to its […]

Julius Baer: Lower profits, slows capital outflows at hedge fund

Earthtimes – Julius Baer, one of Switzerland’s largest wealth managers, reported Monday a net profit of 324 million Swiss francs (303 million dollars) in the first half of the year, down 37 per cent compared to the same period in […]

Hedge funds seen unsuitable for Islamic finance

Reuters – Hedge funds basing their investment strategy on sharia, or Islamic legal principles would face significant disadvantages compared with non-sharia hedge funds, some exponents of Islamic finance say. Many strategies would be difficult to achieve because they would be […]

UBP Makes Offer to Madoff Victims

New York Times Blogs – Swiss private bank Union Bancaire Privée, one of the largest European hedge-fund investors, offered Thursday to buy back $700 million of its clients’ Bernard L. Madoff-related investments at half what they originally paid. The bank, […]

Hedge funds, FCCBs catch the fancy of India’s super rich

Business Standard – Hedge funds and foreign currency convertible bonds (FCCBs) are replacing real estate as popular offshore investment destinations for India’s richest. Hedge funds are investment funds which employ various strategies to produce absolute returns. These strategies could be […]

UBP wants independent hedge fund administrators

Reuters – Swiss private bank Union Bancaire Privee (UBP) may pull client money out of hedge funds unless they set up independent administrators, the Financial Times said on Wednesday. The Geneva-based bank, one of the world’s largest investors in hedge […]