Manage Wealth

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JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021

Canada Dot Com 03 Aug 2020

Abu Dhabi National Oil Co., the state-owned energy producer, has attracted billions of dollars from the likes of Brookfield Asset Management Inc., BlackRock Inc., KKR & Co., and Singapore’s wealth fund by selling stakes in its assets ... Cash-flush sovereign wealth funds have been a source of deal flow....

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Yes Bank puts AMC arm on the block

The Times of India 03 Aug 2020

The entities that are said to have shown interest in buying out Yes Mutual Fund include two Bengaluru-based technology firms, one leading wealth manager and a proposed joint venture between an Indian entity and a leading global private equity fund, people cited above said ... “Asset management business is hard to build....

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Lorain Historical Society hosting inaugural golf outing at FoxCreek Aug. 29

The Morning Journal 03 Aug 2020

Spencer Roule is no stranger to FoxCreek Golf Club ... Later this month, he’ll be helping other make new memories on the course's fairways. On Aug ... “About a year ago, I was asked to join the Board of Trustees for the society,” said Roule, a 2010 graduate of Elyria Catholic who works as a wealth advisor at Cerity Partners Wealth Management Firm ... .......

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HSBC says net profit plunged 96% in 2Q as pandemic took hold

San Francisco Chronicle 03 Aug 2020

LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold ... Revenue slipped 12% to $5.6 billion thanks to slimmer interest rate margins and weaker wealth management activity ... ....

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Should you invest in multi-asset funds?

Live Mint 03 Aug 2020

Tata Asset Management Company (AMC) launched its multi-asset fund in March, with the USP of commodities arbitrage up to 30% of its assets ... In the Motilal scheme, the fund manager can take a 10-50% equity exposure, 40-80% debt exposure and 10-20% gold exposure ... Wealth Solutions LLP....

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‘This too shall pass. So look at the road ahead’ – 20 quotes from India’s ...

Your Story 03 Aug 2020

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week ... – Akull, ‘Bahana’ ... Investors will see how founders manage the cash and will place more emphasis on focus and the desire for profitability. - Nitin Singh, Avendus Wealth Management ... Apple, Android)....

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#39;Inflows into equity MFs, SIPs may taper off further given uncertainty around jobs#39;

Moneycontrol 03 Aug 2020

Inflows into equity mutual funds and SIPs may taper off further in the current environment, Sameer Kaul, CEO & MD at TrustPlutus Wealth Managers (India) said in an interview to Moneycontrol's Sunil Shankar Matkar ... are his own and not that of the website or its management....

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SGX Nifty down 50 points; here's what changed for market while you were sleeping

The Times of India 03 Aug 2020

Wealth managers believe investors should have 10-15% of their portfolio allocation to gold because of the weakening dollar, geopolitical tensions and slowing global growth ... The Caixin/Markit Manufacturing Purchasing Managers’ Index(PMI) rose to 52.8 last month from June’s 51.2, ......

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DUP’s Brexit ads: Who bankrolled the secretive £435,000 campaign?

The Irish Times 03 Aug 2020

Flicking through a “well-thumbed copy” of the Metro newspaper, Geoghegan, who works now in Glasgow and London, saw the free newspaper’s front page “wraparound” advertisement ... “I turned the paper over ... He also explained how the wealth management business did not get off the ground and was dissolved in 2014 after “a lot of good dinners” ... Elusive truth ... ....

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Hedge ranked in Forbes Top Next-Generation Wealth Advisors list

Billings Gazette 02 Aug 2020

Hedge, CFP, CFA, senior vice president wealth management adviser and global ......

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FSC is accepting bank applications for new products

Taipei Times 02 Aug 2020

The Financial Supervisory Commission (FSC) said that it would announce which banks have won permission to develop new wealth management products for high-asset customers after banks submit their applications by Sept....

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After monster rally, investors cautious as U.S. recovery wobbles

Union Leader 02 Aug 2020

Most money managers are wary of cutting equity ... Uncertainty over the near-term outlook for equities and Treasury yields near record lows have prompted Charles Day, a private wealth manager at UBS in New York, to raise cash holdings to between 5% to 10% in the portfolios he manages....

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