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Private banks must go back to basics
There’s more to investment than profit, as managers reeling from single-digit returns concentrate on asset structure and supplementary portfolio features.
“It takes a great deal of boldness and a great deal of caution to make a great fortune,” said Nathan Mayer Rothschild of the famous banking dynasty back in 1834. “And when you have got it, it requires 10 times as much wit to keep it.”
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Broader channels to sell ABN Amro hedge fund
Single-manager product to build on success of institutional forerunner.
ABN Amro Asset Management, currently in the throes of a wide-ranging business review, has launched its first single manager hedge fund product.
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SGAM loses a day’s delay
Modifications not related to market timing abuses and late trading, says SGAM.
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