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Asset Management

Dragon Capital Group

April 25, 2012

Dragon Capital group is a Vietnam-focused financial institution with unparalleled investment experience in the country. The group and its affiliates manage some US$1 billion in assets across public equities, private capital, fixed income and real estate.

Founded in 1994, the Dragon Capital group is a Vietnam-focused financial institution with unparalleled investment experience in the country. Dragon Capital and its affiliates manage some US$1 billion in assets across public equities, private capital, fixed income and real estate.

SocGen targets UHNW entrepreneurs

March 12, 2012

Societe Generale has launched a new private banking service aimed at ultra-high net worth entrepreneurs with family offices or holding companies.

The France-based bank launched the new service, called Private Investment Banking, on 12 March and said it will offer wealth management and investment banking services, covering entrepreneurs’ private wealth and their businesses.

This will include merger and acquisitions advisory, capital increases, initial public offerings and direct access to all capital markets.

Long-term approach paid off for family offices during recession

January 19, 2012

Single family offices in the US and Europe were largely well prepared to ride out the financial crisis of 2008 and the subsequent difficult market environment, making very few strategic changes to their asset allocation.

That’s according to new research by American investment advisory firm Cambridge Associates, which surveyed 40 single family offices in the US and Europe in 2011.

Wealthy don’t share goals with financial advisers

January 6, 2012

Wealthy people are failing to make their financial advisers fully aware of their goals, leaving them at risk of incomplete or ineffective advice, new research shows.

Although the study, released by asset management and investment operations firm SEI, found that more than two-thirds of high net worth individuals believed it was important their advisers knew their financial, business and personal goals to be successful, just a quarter said their adviser had “depth of knowledge” about these.

Asset Value Investors

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.

Swiss wealth managers to lose billions on tax crackdown

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.

Family office failed to adequately diversify portfolio, say lawyers

November 23, 2011

A US-based family office has been accused of breaching its fiduciary duty by allegedly failing to adequately diversify a client’s portfolio and by misrepresenting the performance of hedge funds.

Renminbi is not for the opportunistic market, banker

November 22, 2011

Family offices that are considering adding the renminbi to their portfolio need to see it as a long-term investment, rather than a chance to make a quick buck, according to a banker.

With the ongoing internationalisation of the renminbi, also known as the Chinese yuan, and China’s aim to make it a reserve currency, Geoff Lunt, investment director of Asian fixed income at HSBC, said he thinks a “time will come when everyone will have to have a Chinese bond in their portfolio”.

UBS wealth division’s asset base falls by 3.7% during third quarter

October 25, 2011

UBS’s assets under management in the wealth division excluding the Americas fell by 3.7% in the third quarter of 2011, but the bank also reported forecast-beating net profits during the same period.

In a statement issued on 25 October, the Swiss group said the asset under management in its wealth division decreased to CHF720 billion (€588 billion), from CHF748 billion at the end of the second quarter of the year.

In addition, net new money in the same unit decreased by 32%, to CHF3.8 billion from CHF5.6 billion one quarter earlier.

Signia Wealth appoints new managing director

October 6, 2011

The founder of the London Entrepreneurial Exchange is joining Signia Wealth, the wealth management boutique announced today (6 October).

Shalini Khemka has been appointed as a managing director with responsibility for developing Signia’s private equity arm and organising the group’s expansion efforts.

She will work closely with Nathalie Dauriac-Stoebe, chief executive of Signia Wealth, and Spencer Moulton, director of the management firm’s private equity division, the group said.