Hedge funds posted their lowest annual returns in 2015 in four years, according to data from investment research firm, Eurekahedge.
HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s Swiss bank to evade tax, a senior official has admitted for the first time.
Robertson Stephens, the investment management firm for wealthy individuals, family offices and institutions, has hired Alice Wu as managing director and president of the Asia region.
Deutsche Bank, setting out priorities for its new wealth management division, said it will seek to become one of the world’s top five managers of money for the rich over the next few years.
The City of London’s most vocal “bear” has warned that the world is heading for a financial crisis as severe as the crash of 2008-09 and prompt the collapse of the eurozone.
Markets can remain irrational longer than you can remain solvent. Such is the advice John Maynard Keynes is supposed to have given to would-be investors looking to make a killing in the period between the first and second world wars.
The jury trial date for six people alleged of playing a role in the manipulation of the Euro Interbank Offered Rate (Euribor) has today been set to begin on 4 September 2017.
Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent.
Major investors in HSBC think the bank is more likely to remain headquartered in London following changes to the political and regulatory landscape since the bank announced a review nine months ago.
If money talks, then one of the things it has been saying this summer is that investors are no longer interested in hedge funds. Investors withdrew $25.2bn from hedge funds in July, according to eVestments. This is the largest monthly redemption since February 2009, when investors redeemed $28.2bn.
Goldman Sachs told state regulators it plans to cut 15 jobs in New York before the end of this year.
Credit Suisse’s profitability targets for the Swiss unit, earmarked for a partial initial public offering in 2017, may be too ambitious, according to the heads of some of Switzerland’s largest consumer banks.