Tag Archives: swiss-francs
Julius Baer: Lower profits, slows capital outflows at hedge fund
Earthtimes – Julius Baer, one of Switzerland’s largest wealth managers, reported Monday a net profit of 324 million Swiss francs (303 million dollars) in the first half of the year, down 37 per cent compared to the same period in […]
Bank Safdie Dodges Madoff Loss, Predicts More Hedge Fund Rules
Bloomberg – Banque Safdie SA, the Geneva-based wealth manager that withdrew money invested with Bernard Madoff three years before his alleged Ponzi scheme unraveled, said the scandal will mean more hedge fund regulation. “What Madoff has done is highlight the […]
Credit Suisse clients may have lost 627 mln pounds ($195.18 mln) on Madoff
Reuters UK – Credit Suisse clients may have lost up to 1 billion Swiss francs (627.3 million pounds) ($195.18 mln) on investments connected to accused swindler Bernard Madoff, newspaper Sonntag reported on Sunday. Without giving details of its sources, Sonntag […]
Allianz to launch fund of hedge funds
London Stock Exchange- Allianz Global Investors is mulling the launch of a listed hedge of hedge funds to be aimed at retail investors. The launch of the multi-strategy Peletier Absolute fund would mark the first time that small investors have […]
