Category Archives: investment banking

Monaco Fund Forum 2013: Lights, Camera, Action…

Where to begin… the Monaco Fund Forum International 2013, the largest asset management conference in the world, was another milestone. Featuring Sir Bob Geldof along with hundreds of CEOs worldwide, conference director Jenny Adams went out on a limb and … Continue reading

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Changing paradigm for HNW investing: don’t bring sand to the beach

Younger HNW investors are much more comfortable investing in tangible assets than in stocks and other traditional asset classes. U.S. Trust in its annual Wealth and Worth study discovers a number of surprising and counterintuitive trends among HNW investors. For … Continue reading

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Few surprises in European Pension Fund Asset Allocation: Equities down, Alternatives Up

The latest Mercer data on European pension funds and their asset allocation shows an aggregate decrease in equities from 43% to 39%, and over half of them now have alternatives allocations (UK leads the way with 75%). In other words, … Continue reading

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Multi-Convergence continues: Schroders and the Cazenove deal

After buying US fixed income manager STW in December, Schroders greets spring with the acquisition of Cazenove. With distribution convergence, from retail to mass affluent, high net worth and institutional, Schroders added the queen and an old UK private banking … Continue reading

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Multi-Convergence: HK PE firm GCS buys Dexia Asset Management

That was fast. Less than ten days after entering exclusive acquisition talks with Dexia, HK-based private equity firm GCS Capital is buying the asset management arm from the Dexia group, a case of #East2West and #Multi-Convergence. The price was set … Continue reading

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LatAm saves Santander and BBVA in Europe: reverse engineering of success

Last week, Spanish prime minister Mariano Rajoy used a LatAm summit to ask business leaders to invest more in Spain as a platform for growth in Europe, Asia, and Africa – “Spain receives Latin America investments with open arms.” Cool. … Continue reading

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Earnings: BTG Pactual moves forward – acquisitions, investment funds, record numbers … and a lower Selic rate

When writing about Latin America, one cannot avoid looking at the example of Brazil. When writing about Brazil, one cannot avoid looking at the example of BTG Pactual. I have clearly written a lot about the firm in recent months … Continue reading

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Earnings season: Goldman Sachs with 850b in investment mgmt assets and 8b in net revenues

Leaving aside that Goldman got in trouble for preparing for trouble in the aftermath of Sandy, the firm reported strong quarterly results. 850+ billion in investment management assets, over $8 billion in net revenues, with over $4 billion in institutional … Continue reading

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