WTI oil prices are down almost 10% since the beginning of July. At the beginning of August, oil prices started their longest weekly losing streak in three years. The US/China trade tensions fuelled concerns that global economic growth could slow, weakening worldwide energy demand.
With the entry into an advanced phase of the economic cycle, companies have been looking at convertible bonds with fresh eyes as a valid alternative to traditional debt instruments to finance their growth.
Today’s alternative asset management industry bears little resemblance to the way it was ten years ago. Hedge funds, focused on managing risk, are enabling investors to diversify their investments in a way that is particularly well suited to the current market context.
The decline in emerging-market currencies since March is the result of the dollar rally. However, emerging markets are still benefiting from synchronised growth in the global economy. That momentum provides a good opportunity to move back into this asset class.
Neue Zürcher Zeitung (NZZ) - Guy de Picciotto, CEO of Geneva-based bank UBP, believes the financial sector could be at the start of a new era, past problems have been solved, and banks now have the chance to draw on their traditional strengths.
Union Bancaire Privée, UBP SA (UBP) has announced that it has agreed to acquire ACPI Investments Limited (ACPI), an independent London-based investment management company, and the activities of ACPI IM Limited in Jersey. The transaction is subject to the approval of the relevant regulatory bodies, and is expected to complete during the fourth quarter of 2018.
Net profit at the end of June 2018 rose to CHF 115.3 million, up 5.3% from CHF 109.5 million from the same period in 2017. The operating result of CHF 147.4 million, compared with CHF 133.9 million a year earlier, represents an increase of 10.1% (+ CHF 13.5 million). Assets under management reached CHF 128.4 billion thanks to net inflows of CHF 2.7 billion.
Despite the prevailing uncertainty about the prospect of a trade war that could escalate and stir up significant turmoil and damage global financial markets, gold has been under pressure since mid-June.
cpjobs.com (14.07.2018) - It may not feature on his CV or official job description, but one of Eric Morin’s key skills is the ability to perform an astute balancing act. Doing that, though, has become second nature to him thanks to more than 30 years in finance and wealth management and a knack for managing change, planning adjustments, and taking a studied approach to every new initiative.
Equity markets still offer attractive investment opportunities, but since the beginning of the year they have seen increased volatility. In these conditions, overlay strategies can be an interesting solution for investors.
Asia Macro Strategy (10.07.2018) - The trade war that started last Friday (July 6th) has been well anticipated. The US initially imposed tariffs of 25% tax on US$34 billion worth of Chinese goods. The next US$16 billion will be announced in two weeks, according to US President Donald Trump.