Equities and private equity drove a turnaround in family office investment performance this past year, as revealed in the newly-released Global Family Office Report 2017 (GFO).
The composite global portfolio of family offices (FOs) returned a healthy 7% in 2016, compared with 2015’s disappointing 0.3%. Growth was driven by equities and private equities, which represent a combined 47% of family office portfolio. Meanwhile, performance of hedge funds and real estate was more subdued, and their popularity among FOs declined accordingly.
The Master’s in Management (MiM) degree is a good way to increase your salary and gain an edge over competitors in your first job search after college. The MiM is a pre-experience program largely taken by those fresh out of undergraduate courses.
Each year since 2004, the Financial Times has ranked the world’s best MiMs, this year on metrics such as salary increase, career progress, and value for money. On Monday, the FT released its latest ranking of the world’s 95 best MiM degrees. Switzerland’s University of St Gallen retained its top spot, the seventh consecutive year its MA in Strategy and International Management has come first. HEC Paris is in second place for the fourth year on the trot, while Spain’s IE Business School rose four places to third.
Reinsurance giant Swiss Re said on Monday that it expects the impacts of recent catastrophe losses will be sufficient to stabilise reinsurance industry pricing.
The Swiss company said that it intends to maintain its underwriting discipline, in the face of continuing pressures from low interest rates and excess capital in the sector.
The firm believes that in this way it can be a more sustainable business and make it a more reliable underwriting partner for its clients.
Millions of Ryanair passengers will be forced to put their weekend bags and small suitcases in the hold from November 1, unless they cough up £10 per return flight for priority boarding.
The low-cost airline said only those who pay the fee will be allowed to take a larger 10kg bag, measuring up to 55cm x 40cm x 20cm, into the cabin. Everyone else will be able to keep a small handbag or laptop bag (35cm x 20cm x 20cm), but will have their bigger cases taken from them at the gate and placed in the hold (free of charge).
The wealth held offshore by wealthy Russians was equivalent to 75 percent of the country’s national income by 2015, a new study by the National Bureau of Economic Research (NBER) claims.
The NBER study, authored by prominent economists including Thomas Piketty, maps the distribution of income and wealth in Russia since the fall of the Soviet Union.
Jeff Bezos on Thursday briefly topped Bill Gates as the world’s richest man following a spike in Amazon, according to data crunched by Forbes. But if Bill Browder’s numbers are correct, the massive fortunes of both tech giants combined still wouldn’t stack up to the real richest man in the world.
US-based Hermitage Capital Management Founder Bill Browder believes the Russian leader is the richest man in the world.
Dealing a serious blow to President Donald Trump’s agenda, the Senate early Friday rejected a measure to repeal parts of former President Barack Obama’s health care law after a night of high suspense in the U.S. Capitol. Senate Republicans failed to pass their pared-down Obamacare repeal bill on vote of 49-51 in a dramatic late night vote that caps a months-long process of trying to fulfill a seven-year promise to repeal the Affordable Care Act.
Visa has declared war on cash and its "opening salvo" is to start paying restaurants $10,000 to go completely cash free. The credit card giant is this week announcing a new plan to hand out thousands of dollars to up to 50 small food and restaurant vendors if they agree to stop taking cash.
If a restaurant opts in, it’ll get a $10,000 gift from Visa, which can be used to pay for technology upgrades and marketing. Those tech upgrades could mean installing platforms that that accept payments from phones, smart watches or other devices. In return, Visa wants the merchant to agree to stop accepting cash, the company said
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