Asset Management

Defining RAIF and NAIF.

Hedge fund legend George Soros lost a lot of money after the election of Donald Trump, according to a new report from The Wall Street Journal.
Sources familiar with the hedge fund manager’s trading said he remained cautious going into the November election and then made the mistake of becoming more bearish immediately after Mr. Trump’s win.
The stock market rallied on expectations that Mr. Trump’s policies would boost the economy, causing Mr. Soros’ trading positions to incur losses approaching $1 billion, sources told The Journal.

Why are UCITS a safe investment?

It’s a great place for bankers and to make new contacts

Fund manager Edmond de Rothschild Asset Management (EdRam) is to withdraw from the UK retail market less than a year after launching an ambitious expansion programme.

A spokesperson confirmed that the firm, which opened its London office in 2012, is looking to pull back from the UK despite its recent expansion drive in the country.

A number of roles will be shifted from London to Paris, Luxembourg and Geneva although there will be redundancies, including its UK head of wholesale Daniel Lee, who joined in September 2015 from Allianz.

The Malaysian government is working towards the winding up of state investment firm 1Malaysia Development Berhad (1MDB) under a plan spearheaded by a high-level government unit called the Budiman committee.

The state investment firm, which was established by Prime Minister Najib in 2009, is now being dissolved following allegations that its funds were used for personal reasons by the premier and his close associates, resulting in 1MDB’s debts peaking to $12 billion at one point.

The assets of the state development fund will be transferred in coming months to two companies owned by the Finance Ministry. These valuable assets are two massive plots of land in Kuala Lumpur and one on Penang island.

Luxx London Investment -Luxx – and OpenFunds Investment Services – OpenFunds -, announced today that they have completed a final closing for The London Heritage Fund (the ‘Fund’) with total investor commitments of 33.45m GBP.

The Swiss pension system has lost positions in the world, according to consulting company Mercer’s research. The survey, which analyzed 27 countries, ranked Switzerland in sixth place, two places lower down than the previous ranking.

The deterioration in the ranking reflects the decline in the level of pensions in relation to earnings, says a press release today at Mercer. The Swiss system lost some rank even in the sustainability criteria, since the increase in life expectancy is not compensated by the contributions or from an age of higher retirement.