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financial crisis

February 5, 2013

Family businesses shouldn’t think they are more ethical because of their adherence to stewardship and long-term planning.
 

Should businesses be ethical beyond what is required by the law of the land? Does ethics make good business sense? It’s probably true to say that neither of these weighty questions are top of the agenda as boardrooms sit down to sign off budgets for 2013, or otherwise. But now is the time they should be.

August 3, 2011

If $212 trillion sounds like a lot of money, that’s because it is. According to management consultant McKinsey, it also represents the total value of equity, debt and bank loans in the world at the start of the year. And it’s a record, up $11 trillion on the $201 trillion recorded a year earlier, and $10 trillion ahead of the previous peak of $210 million during the credit boom.

If $212 trillion sounds like a lot of money, that’s because it is. According to management consultant McKinsey, it also represents the total value of equity, debt and bank loans in the world at the start of the year.

And it’s a record, up $11 trillion on the $201 trillion recorded a year earlier, and $10 trillion ahead of the previous peak of $210 million during the credit boom.

September 6, 2010

Following the financial crisis and huge redemptions, families are finally beginning to invest in hedge funds again reports Michael S Fischer

For much of the last decade, family offices, in common with other investors, were lulled into believing that hedge funds or a diversified portfolio of hedge funds would deliver consistent, predictable return streams. The events of 2008 gave the lie to that notion as many hedge funds were very highly leveraged, wreaking havoc on portfolios.
 

September 3, 2010

Family-owned Swatch Group has confirmed it has launched a legal action against UBS in relation to an absolute return fund sold to the watchmaker in 2009.

Family-owned Swatch Group has confirmed it has launched a legal action against UBS in relation to an absolute return fund sold to the watchmaker in 2009.
 
Biel-based Swatch claims UBS at the time had assured the value of its investment was secure and has filed for compensation amounting to SFr30 million (€23 million).
 

August 26, 2010

Chris Owen analyses what wealthy families need to be doing in a climate characterised by rising taxes, increased compliance and economic uncertainty

If the art of life is to be in the rhythm of your age, then wealthy families worldwide should be moving to a very quick tempo at present. The global financial crisis has struck in myriad ways, both directly and indirectly, leaving the present stewards of family businesses to face fundamental decisions that may reverberate for generations to come. 

June 30, 2010

The financial crisis has demonstrated the need for new regulatory approaches and increased supervision of financial service providers. This has sparked a raft of new legislation that attempts to ensure no such crisis happens again.

The financial crisis has demonstrated the need for new regulatory approaches and more intense supervision of financial service providers, writes James Denton.

This has sparked a raft of new legislation from governments internationally as they attempt to ensure no such crisis happens again. Such regulation has consequences for wealthy families and their family offices who will need to comply with the new rules on reporting and governance.

May 28, 2009

Although the global economic crisis is not a crisis of Africa’s making it does no good to bury our heads in the sand and assume we will not be affected. We must never forget that Africa is populated by lions that operate as a pride in comparison with the Asian tigers who tend to be individual animals.

Although the global economic crisis is not a crisis of Africa's making, it does no good to bury our heads in the sand and assume we will not be affected. We must never forget that Africa is populated by lions that operate as a pride in comparison with the Asian tigers who tend to be individual animals.

November 1, 2008

Climate change has been a hot topic in recent years with governments around the globe promising action. Mike Scott takes a look at what the threat of climate change means to family businesses and how to mitigate the risks it presents

Everyone is currently focused on the financial crisis, but that does not mean that other issues have gone away. When the markets settle down, the issue of climate change will still be there at the top of the agenda.

The arguments are familiar to most people – man-made emissions of CO2 and other greenhouse gases are warming the atmosphere and causing changes to the climate. The emissions, if left to continue at current rates, will have enormous consequences on everything from rainfall patterns and crop yields to the spread of diseases.

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