Mirabaud Results 1st Half 2014

Mirabaud Results 1st Half 2014

The Mirabaud Group today publishes its consolidated half-year results for the period ended 30 June 2014, including its private banking, asset management and intermediation activities. This announcement, the first of its kind, is issued in compliance with legal requirements following the transformation of Mirabaud & Cie into a société anonyme on 1 January 2014… Read Report

Lombard Odier Results First Half 2014

Lombard Odier Results First Half 2014

Total client assets on 30 June 2014 amounted to CHF 211 billion of which assets under management were CHF 156 billion;  Consolidated net profit was CHF 62.5 million for the Group;  Fully-loaded Basel III CET1 ratio stood at 23.8%

Link to Report

 

Fund selectors in Geneva still love developed equities (from Expert Investor Europe)

Fund selectors in Geneva still love developed equities

Fund buyers based in Geneva hold contrarian views. They love exactly those asset classes that have shown a sharp drop in sentiment in all other European financial centres over the past couple of months… Link to Report

Syz & Co Eyeing Assets of RBS’s Coutts (Bloomberg)

Syz & Co Eyeing Assets of RBS’s Coutts (Bloomberg)

Banque Syz & Co. SA, the Geneva private bank and asset manager, may add assets of Coutts to a list of acquisition targets in Europe, owner and co-founder Eric Syz said.  “We might be one of the contenders for part of Coutts, but it depends how it’s sliced and diced,” Syz, 56, said in an interview at the firm’s offices yesterday. “Nobody’s seen the details of what’s for sale, or whether they might sell it in tranches to different buyers.”  Link to article

 

Pictet’s First Ever Public Report -First Half Year Ended 30 June 2014

Pictet’s First Ever Public Report

The Pictet Group’s first public report in its 209-year history provides information about its business, values and financials… Download Report

Fund selectors in Geneva still love developed equities (EIE analysis)

Fund selectors in Geneva still love developed equities (EIE analysis)

Geneva harbours the largest relative proportion of bulls in Europe for both US and European equities.  Though Pan-European sentiment towards US equities has dropped sharply in recent months, the asset class has grown in popularity with Geneva-based fund selectors… Link to Article

 

No influx of European wealth for Singapore (from the FT)

No influx of European wealth for Singapore (from the FT)

Singapore sees no evidence that wealthy people are shifting funds from Europe to Asia in order to escape tough rules on tax avoidance and money-laundering, with the head of the central bank saying the city state was “not the place to come to” for anyone wanting to park funds… Link to Article

 

 

EY 2013 global hedge fund and investor survey

EY 2013 global hedge fund and investor survey

The hedge fund industry has continued to face unparalleled challenges over the last year. This survey captures the impact of those challenges and how both managers and investors are responding to them. While the survey provides valuable insight into where the hedge fund industry is headed, its findings also present a microcosmic landscape of a maturing industry… Link to Full Report

 

Bancaire Helvetique Buys Espirito Santo Assets (Bloomberg)

Bancaire Helvetique Buys Espirito Santo Assets (Bloomberg)

Debt woes at two companies affiliated with Portugal’s Espirito Santo family have prompted the financial dynasty to sell part of its Swiss private banking business.  Banque Privee Espirito Santo SA said it would sell its Iberian and Latin American customer assets to CBH Cie. Bancaire Helvetique SA. The two Swiss private banks didn’t provide details in their e-mailed statement disclosing the transaction late yesterday… Link to Article

Credit Suisse Mid-Year Survey of Hedge Fund Investor Sentiment

Credit Suisse Mid-Year Survey of Hedge Fund Investor  Sentiment

Summary Conclusions – The top 3 most sought after strategies globally are Event Driven, Long/Short Equity (Fundamental) and Long/Short Equity (Trading). CTA is the least sought after strategy across all regions.  Demand for Global Macro saw a consistent decrease, while Emerging Market Equities saw a rebound in appetite.  Although more investors expressed interests in making allocations in the second half of the year (97% in H2 2014 vs. 85% in H1 2014), investors are predicted to make a fewer number of allocations on average (3.4 in H2 2014 vs. 4.1 in H1 2014).  EMEA based investors are predicted to make a higher number of allocations compared to other regions in H2 2014.  Looking at the split by investor type, Bank Prop Capital, Fund of Funds and Private Banks are predicted to make the most allocations, while Pension Funds the least… Read Source Article