Frankfurt Even the war in Ukraine will probably not avert the forthcoming turnaround in interest rates: For the first time in decades, the major central banks are planning an abrupt change in monetary policy. The British central bank has recently raised interest rates twice in a row, and the US Federal Reserve will follow suit … Read more
New York A week ago, Warren Buffett complained that he still couldn’t find any good takeover targets. The company valuations are still too high, wrote the star investor in his letter to the shareholders. Therefore, the CEO of the Berkshire Hathaway conglomerate has recently focused on expanding company holdings. His latest coup: he bought large … Read more
Cathie Wood According to the investor, innovation is now available at a bargain price. It is all the more remarkable when she separates from companies. (Photo: Archyde.com) Düsseldorf Star investor Cathie Wood significantly reduced her portfolio in February: She liquidated a total of seven positions worth around $800 million in her flagship fund ARKK. This … Read more
Swiss credit The major bank appoints a new Global Head of Distribution for its Asset Management division. (Photo: dpa) Zürich The major Swiss bank Credit Suisse is reorganizing its asset management business for professional investors. Colin Fitzgerald has been named global head of distribution for Credit Suisse Asset Management, a bank spokesman said on Tuesday. … Read more
Quebec is injecting $100 million into an investment fund to help local inventors market their innovations resulting from public research. Nicknamed Eurêka, this fund will be managed by Investissement Québec, which will work closely with Axelys, the company for the development and transfer of innovations in Quebec, announced Tuesday the Minister of the Economy, Pierre … Read more
Financial district in Frankfurt The activities of financial investors in Germany have been increasing for years. (Photo: dpa) Frankfurt. The prospect of rising interest rates will not have a significantly negative effect on financial investors this year. Experts therefore expect large transactions, especially in the second half of the year. “Although investors are keeping a … Read more
Oliver Bäte The dispute also has a significant impact on the result of the entire group. (Photo: dpa) Frankfurt, Munich Allianz has taken another step forward in reappraising its failed hedge fund strategies in the US. “We concluded an agreement with key investors this morning,” said CEO Oliver Bäte at a press conference on Friday. … Read more
Tim Leissner (middle) 44 million dollars (39 million euros) were confiscated from the ex-Southeast Asia boss. (Foto: Bloomberg) New York It was an explosive statement: Executives at the major US bank Goldman Sachs are said to have known that the dubious financier Jho Low was involved in transactions with the plundered Malaysian sovereign wealth fund 1MDB. … Read more