{"id":11109,"date":"2009-07-27T00:00:00","date_gmt":"2009-07-27T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"julius-baer-lower-profits-slows-capital-outflows-at-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/julius-baer-lower-profits-slows-capital-outflows-at-hedge-fund.html","title":{"rendered":"Julius Baer: Lower profits, slows capital outflows at hedge fund"},"content":{"rendered":"<p>Earthtimes &#8211; Julius Baer, one of Switzerland&#8217;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 2008. <\/p>\n<p>The private bank said it had 299 billion Swiss francs of assets under management at the end of June, 25 per cent less, year-on-year. Compared however, to the end of last year, when the financial markets were in turmoil, the bank said its position had improved and was experiencing inflows of new capital. <\/p>\n<p>The bank dropped 2 per cent of its workforce, which now stands at 4,255 staff, and personnel expenses fell by 13 per cent to 587 million francs, reflecting a lowering of performance-related bonuses.<a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.earthtimes.org\/articles\/show\/279087,julius-baer-lower-profits-slows-capital-outflows-at-hedge-fund.html?FORM=ZZNR3\"><\/a><\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.earthtimes.org\/articles\/show\/279087,julius-baer-lower-profits-slows-capital-outflows-at-hedge-fund.html?FORM=ZZNR3\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earthtimes &#8211; Julius Baer, one of Switzerland&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1007,14556,2804,14555,5247,14558,14557,4502,1034,4767,860,4930,2102],"class_list":["post-11109","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets-under-management","tag-earthtimes","tag-financial-markets","tag-julius-baer","tag-million-dollars","tag-net-profit","tag-personnel-expenses","tag-private-bank","tag-swiss-francs","tag-switzerland","tag-turmoil","tag-wealth-managers","tag-workforce"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11109"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11109\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}