- March 11, 2010 - Long-Term European Private Equity Returns Stay Robust - Survey
Private equity investments held for the short term have seen returns improve slightly, according to preliminary data for 2009 as compiled by Thomson Reuters for the European Venture Capital Association. However, five-year term rates of return have slightly deteriorated, it said. In general, performance has been robust, figures showed.
- March 11, 2010 - SocGen Cross Asset Research Makes Pair Of Hires
Société Générale Cross Asset Research has added to its fixed income and foreign exchange strategy team with the appointments of Mark Capleton and Valentin Marinov.
Mr Capleton has been named head of UK rates strategy and global inflation-linked strategy. He joins from Royal Bank of Scotland, where he headed European rates research.
- March 11, 2010 - Profits Take A Fall At Charlemagne Capital, But Assets Rise In 2009
Charlemagne Capital, the UK-listed specialist emerging markets equity investment manager, said its net profit after taxes and other factors fell 59. 1 per cent year-on-year to $5. 7 million in 2009, although assets under management surged by 40 per cent to $3.
- March 11, 2010 - Appleby Hires Raft Of Partners
Appleby, the offshore legal, fiduciary and administration services firm, has appointed five new partners to its funds and investment services, and banking and asset finance practices in its corporate and commercial practice group.
Richard Addlestone joined the firm’s funds and investment services team in the Cayman Islands from Cayman-based Walkers, where he was a partner. Mr Addlestone specialises in private equity and hedge funds; he also advises on captive insurance, reinsurance and general corporate issues.
- March 11, 2010 - HSBC Private Bank Adds To Investment Team With Three Appointments
HSBC Private Bank has added two advisors and a counsellor to its investment advisory business in the UK, hiring from Clariden Leu, Citi Private Bank and Bank of America, the bank said today.
Anna Blomqvist and Mark Winterburn have been hired as investment advisors, reporting to Suzanne Spink, director, while Clare Huijnen joins as an investment counsellor, reporting to Henry Pott, associate director, the bank said in a statement.
Ms Blomqvist most recently worked at Bank of America, and launched and built up the bank’s US Equities business in Scandinavia, HSBC said.
- March 11, 2010 - Edinburgh Partners Hires Former SWIP CIO
Edinburgh Partners, the Scottish wealth manager, has appointed Graham Wood – formerly chief investment officer at Scottish Widows Investment Partnership – as an investment partner, Citywire reports.
Mr Wood, who left SWIP in September 2009, will play a lead role in portfolio construction alongside Stephen Anderson in his new position, according to the publication.
Mr Wood’s appointment sees him reunited with Sandy Nairn, now the chief executive of Edinburgh Partners, who, when he was chief investment officer of SWIP, recruited Mr Wood in 2001, the report said.
- March 11, 2010 - Barings To Launch New MENA Fund
London-based Baring Asset Management has announced that a two week initial offer period for its new MENA fund will open on 15 March.
The fund’s launch is testament to the firm’s bullish view of the Middle East and North Africa region: Barings believes that the region’s young and growing population and its resource-rich economy, along with its commitment to developing world-class infrastructure means that "some of the best investment opportunities in the world" exist in MENA. Additionally, the region’s recent volatility makes now an opportune time to capitalise on low equit.
- March 11, 2010 - Genevan Private Bank Appoints New Private Office MD
Reyl & Cie, Geneva-based private banking and fund management firm, has appointed Nicolas Duchêne as the new managing director of Reyl Private Office.
Mr Duchêne, a specialist in international legal, tax and finance matters, has worked in Paris, Luxemburg, Geneva, Monaco, Hong Kong and Singapore, the firm said in a statement.
Mr Duchêne was most recently with BNP Paribas Private Banking having joined the Paris-based firm in 2004; he managed its tax advising and international estate planning business in Asia between 2007-2009.
- March 11, 2010 - Undervalued Financials In Europe Offer Investment Opportunities - Ignis
Investors are overlooking the financial sector in Europe, and failing to grasp opportunities for growth present in the currently undervalued European market, according to Adrian Darley, head of European equities at Ignis Asset Management.
A number of banks are attractive right now, most of those which needed capital raised it last year and are now looking for growth; with strong results the companies' share prices are rising but their valuations remain attractive, which is at odds with the investors' underweight positioning of the sector, said Mr Darley, who oversees £1. 2 billion ($.
- March 11, 2010 - Withers Criticises UK Court's Judgement On Divorced Foreign Couple
The wealth implications of divorce cases in England and Wales came under the spotlight again yesterday after the UK’s highest court, in a groundbreaking case, upheld a court decision that more than doubled a woman’s original divorce settlement in Nigeria, prompting criticism from Withers, the law firm.
The Supreme Court gave judgment on an appeal by Sikirat Agbaje against a previous decision of the Court of Appeal that had overturned a financial award made by the High Court following her Nigerian divorce.
The ruling was criticised by Withers, the international law firm, for .
