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March 11, 2012

From George Soros to Bill Gates, western businessmen are increasingly visiting Myanmar (or Burma) in search of investment opportunities, as the country, rich in natural resources, slowly opens up its economy.

Scarcely a week goes by without a visit to Myanmar (Burma, as was) by western politicians and businessmen. Billionaire George Soros popped over at the start of the year. Microsoft founder Bill Gates is going over any week now.

Everyone talks of the importance of philanthropy. Myanmar’s new president Thein Sein refers to peace, stability and economic development.

March 7, 2012

Many wealthy families in the UK will remain unaware of the Liechtenstein Disclosure Facility, due to a lack of information and understanding among their accountants about its benefits.

Many wealthy families in the UK will remain unaware of the Liechtenstein Disclosure Facility, due to a lack of information and understanding among their accountants about its benefits.

That’s according to Sean Wakeman, partner in the tax investigations group of UK-based accountancy firm Crowe Clark Whitehill.

February 9, 2012

Extending the deadline to disclose assets held in Liechtenstein is an “important development” for British ultra-high net worth families, but it will be “dangerous to wait” to come clean about tax arrears.

Extending the deadline to disclose assets held in Liechtenstein is an “important development” for British ultra-high net worth families, but it will be “dangerous to wait” to come clean about tax arrears.

That’s according to Philip Marcovici, a member of the board of wealth manager Kaiser Partner and a former partner at law firm Baker & McKenzie.

January 3, 2012

Asset Value Investors (AVI) is an employee owned asset management company with the goal to achieve long-term growth of our client's capital.

Asset Value Investors (AVI) is an employee owned asset management company. Our primary goal is to achieve the long-term growth of our client's capital through the management of equity portfolios. We strive to be a premier investment firm providing performance by identifying valuation anomalies and focusing on investing where the market price does not reflect the estimated intrinsic value. Our value oriented and low risk investment approach, which has been in place for over 25 years, is to find unrecognised value among high quality assets.

December 15, 2011

The amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally. That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth.

The amount of wealth held by high net worth individuals in India has increased faster than that held by rich people globally.

That is according to the India Wealth Report, released by Indian wealth management firm Karvy Private Wealth. It found that while the fortunes of HNW individuals internationally grew by around 9% during the year, money held by Indian rich increased by more than 11%.

This made India one of the fastest-growing HNW populations in the world, accounting for 1.2% of global wealth, said the report.

November 30, 2011

Banks in Switzerland could lose as much as CHF50 billion (€40.7 billion) in assets under management as a result of a tax crackdown by the UK and Germany, says a new study. According to management consulting firm Booz & Co, wealth managers in Switzerland will also lose CHF1.1 billion in revenues, as clients with the two European countries withdraw their money before the tax treaties come into effect in 2013.

Banks in Switzerland could lose as much as CHF50 billion (€40.7 billion) in assets under management as a result of a tax crackdown by the UK and Germany, says a new study.

According to management consulting firm Booz & Co, wealth managers in Switzerland will also lose CHF1.1 billion in revenues, as clients with the two European countries withdraw their money before the tax treaties come into effect in 2013.

November 29, 2011

Wall Street protests have triggered copy-cat street protests in financial capitals globally. Governments are scrambling to contain the upheaval and stay ahead of markets, with tax increases and more regulation, together with attacks on offshore bank accounts and tax increases on European property assets on the rise.

Ashley King-Christopher, Corporate Tax Partner at Speechly Bircham, looks at how family offices are dealing with a more transparent world.

July 13, 2011

Private banks around the world are struggling to attract the money of the wealthy despite the fact that many of them are getting wealthier. According to new research by global business consultant Scorpio Partnership, new money into private banks fell by nearly 19% in 2010, despite a rise in the number of wealthy individuals.

Private banks around the world are struggling to attract the money of the wealthy despite the fact that many of them are getting wealthier.

According to new research by global business consultant Scorpio Partnership, new money into private banks fell by nearly 19% in 2010, despite a rise in the number of wealthy individuals.

June 29, 2011

Can you be good and still make a lot of money? In the year 2000 the $239 billion California Public Employees’ Retirement System (CalPERS), the biggest pension fund in the US, dumped its investments in China, Colombia and the Philippines because of their poor democratic records, as well as pulling money out of the tobacco industry.

Can you be good and still make a lot of money? In the year 2000 the $239 billion California Public Employees’ Retirement System (CalPERS), the biggest pension fund in the US, dumped its investments in China, Colombia and the Philippines because of their poor democratic records, as well as pulling money out of the tobacco industry.