Archive
Pension crisis could boost German funds
There is no shortage of opportunities in Germany, with hedge funds being promoted by Schröder’s government as an alternative to pensions.
US fund houses caught in Spitzer’s widening net
Yuri Bender reports on the NY Attorney General’s funds clean-up campaign. New York attorney general Eliot Spitzer’s mutual funds probe is gathering momentum, with the conviction of James P Connelly Jr, formerly with funds house Fred Alger. Mr Connelly tried to conceal trading arrangements with Texas hedge group Veras Investment Partners.
Company briefs
SYZ & Co gets serious about hedge funds advice
The Swiss banking group SYZ & Co has set up a unit dedicated to advising private clients on hedge funds. The Hedge Fund Advisory Group will comprise three people, including its head, SYZ & Co vice president Roberto Almaleh. The bank’s alternative investment division, Alternative Asset Advisors, has launched a multi-class leveraged fund of hedge funds called 3A Windrider. On the long-only side, SYZ has selected Bill Wilby, senior investment officer at Oppenheimer funds, to run its E125m Oyster World Opportunities Fund.
Why a co-ordinated strategy works
Wrap accounts are clearly gaining in popularity. The idea is that a client has a single co-ordinated investment portfolio employing a strategy across a variety of investment ‘pots’ or sub-accounts. These accounts might be allocated for specific purposes such as short to medium term funds, a longer term portfolio and a pension. More likely, they are divided up into different investment ‘wrappers’ that afford a variety of tax breaks.
Global Private Banking Awards 2023
PWM Digital Edition (June - July 2023)
Wealth Tech Awards 2023
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