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, […]
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 […]
