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Wealth

June 29, 2011

Can you be good and still make a lot of money? In the year 2000 the $239 billion California Public Employees’ Retirement System (CalPERS), the biggest pension fund in the US, dumped its investments in China, Colombia and the Philippines because of their poor democratic records, as well as pulling money out of the tobacco industry.

Can you be good and still make a lot of money? In the year 2000 the $239 billion California Public Employees’ Retirement System (CalPERS), the biggest pension fund in the US, dumped its investments in China, Colombia and the Philippines because of their poor democratic records, as well as pulling money out of the tobacco industry.

June 24, 2011

The United States Securities and Exchange Commission has made its definition of “family office” more narrow, which some say could possibly force offices to lose clients or incur heavy costs to comply under the new rule.

The United States Securities and Exchange Commission has made its definition of “family office” more narrow, which some say could possibly force offices to lose clients or incur heavy costs to comply under the new rule.

According to a statement by SEC, private family offices will be exempt from regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act only if they advise family clients, do not project themselves as investment advisers and are completely controlled by the family.

June 23, 2011

In the days before air travel and telecommunications shrank the planet, members of wealthy families used to live within close range both of each other and the source of their wealth. It was therefore the residence of the patriarch or other key family members that determined the location of the family office. Today, the opposite holds true. 

In the days before air travel and telecommunications shrank the planet, members of wealthy families used to live within close range both of each other and the source of their wealth. It was therefore the residence of the patriarch or other key family members that determined the location of the family office.

June 23, 2011

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups. 

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups, worth a reported $81.6 billion.

The buoyant growth for the Tata Group comes following a rise in share price of its listed companies, while a string of controversies caused a slump in value of Reliance, controlled by the feuding Ambani brothers.

June 8, 2011

Inflation is a hot topic right now, and the dilemma that family offices face is how to measure inflation rates, and how to assess the positive and negative impact of inflation on future wealth.

The majority of family offices use inflation-adjusted performance measures to assess their investment returns. Inflation is a hot topic right now, and the dilemma that offices face is how to measure inflation rates, and how to assess the positive and negative impact of inflation on future wealth.

May 25, 2011

Antique fakes are almost as old as the antiques themselves. Christopher Owen, who helped expose one of the greatest frauds in the history of the market, tells the tale – and the lessons that buyers should draw from it.

Michael Smith, one of America’s top interior designers who was commissioned by the Obamas to redo the interiors of the White House, was taken aback when a friend called from London in early 2008 with some disturbing news.

According to a prominent London newspaper, John Hobbs, one of London’s premier antiques dealers, specialising in the most expensive English and Continental furniture, had been publicly accused by his restorer of selling fakes.

May 25, 2011

When Rudolf Elmer, a former employee of a Swiss bank, stood on a stage in London and handed a CD to Wikileaks founder Julian Assange this January, a shiver might have gone down the spine of many high net worth individuals.

When Rudolf Elmer, a former employee of a Swiss bank, stood on a stage in London and handed a CD to Wikileaks founder Julian Assange this January, a shiver might have gone down the spine of many high net worth individuals.

Elmer was passing on the private financial details of 2,000 British, American and German clients of the bank Julius Baer, where he worked until 2002, covering the period from 1990 to 2009. Although it was not revealed what information Elmer passed on, he has previously handed information to Wikileaks that shed light on what it alleges is tax evasion.

May 9, 2011

When it comes to serious wealth creation in the UK, family businesses play a small role, at least compared with their Continental counterparts. This is not a positive sign for long-term wealth creation in Europe’s third largest economy.
 

When it comes to serious wealth creation in the UK, family businesses play a small role, at least compared with their Continental counterparts. This is not a positive sign for long-term wealth creation in Europe’s third largest economy.

The annual Sunday Times Rich List details the wealth of the 1000 richest individuals and families in the UK – and they did pretty well in 2010. The annual list, released in early May, found that their collective wealth zoomed up by 18% to just less than £400 billion in 2010.

March 18, 2011

The Ferrari 275 GTB4 has it all – stunning looks, iconic past owners and a value that keeps on rising, reports Marc Smith

In the 1960s, a special relationship blossomed between some Hollywood screen legends and the Italian film establishment. Famously, Burt Lancaster worked with Luchino Visconti on The Leopard and Clint Eastwood teamed up with Sergio Leone to make a series of now classic westerns.

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