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Middle East | 8 Jun 15
Sovereign funds extend move into infrastructure
The sharp slide in oil prices and low yields on traditional investments has seen sovereign wealth funds keep increasing their exposure to alternative investments like infrastructure and take on a more direct asset management role, according to a new survey.
Eleven advice meetings a year is the ‘sweet spot’ for HNWIs
High net worth individuals say 11 interactions a year is the “sweet-spot” level of contact with their relationship managers at wealth management firms, according to a survey by NPG Wealth Management, SEI and Scorpio Partnership.
BNY Mellon abandons Asian platform
American asset manager, BNY Mellon, has decided to shut down its platform for high net worth individuals in Singapore and Hong Kong after just 16 months.
Cayman Islands authority takes over troubled Belvedere fund
Suspended fund, Brighton SPC, has been taken over by the Cayman Islands Monetary Authority after a “forensic examination” was conducted on the investment vehicle.
Goldman Sachs AM launches global long/short portfolio
Goldman Sachs Asset Management has launched the Global Equity Long Short Portfolio managed by the Goldman Sachs Investment Strategies portfolio management team.