Hints and tips:
...“I don’t think anyone pushes back on the strategy itself,” said Dan Fannon, an analyst at Jefferies. “It is something where they need to get more scale, particularly in wealth.”...
...And so it’s while hibernating at home that I find myself hankering after Coward-worthy loungewear....
...My colleague Costas Mourselas and I interviewed one high-profile financier who (unsurprisingly) does not agree: Ken Griffin. “Well he would, wouldn’t he?”...
...By division, AWM was in line, but stronger AuM and stronger net inflows bode well for outlook. CIB missed on lower EQ revenues, while Insurance & Corporate Center beat. Payments were line....
...“There was such euphoria last year and I was thinking that I hope [the investment cycle] doesn't go too fast, but it went way too fast,” said Eric Adler, chief executive of US-based fund manager Pramerica...
...I cannot remember this situation occurring before,” Mr Wöhrmann says. Mr Castelli is more downbeat on asset growth....
...“I don’t really see the point of derivative-linked ETFs when the underlying asset class is mainstream equities,” he says....
...All great teachers (from Bruce Greenwald – at some AWM topics – to a Wall Street fund manager at hedge funds)....
...AWM said: ”The creation of LEPs arose during the pre and post election debates nationally and formed part of the coalition government’s manifesto....
...I expect the market to pick up markedly over the next 12 months.”...
...In Asset and Wealth Management (AWM), net revenues were EUR 588 million, a decline of 47% versus the fourth quarter 2007....
...When I rang Adam Brett-Smith, the managing director, to ask how he had pulled this off, I could almost hear the grin crinkling his spare-fleshed cheeks....
...The Australian War Memorial (www.awm.gov.au ) prints details of the dead, but also provides a facsimile of the original typed record; effective and moving....
International Edition