Wealth Management
Top stories summarized by our editors
1/22/2020

The rising use of design-build techniques has led to concerns that the applicability of Spearin doctrine protections would decline, two attorneys write. An analysis of recent court cases, however, shows that Spearin protections remain available in design-build depending on project-specific circumstances, they write.

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JD Supra
1/22/2020

Top construction economists are uncertain about prospects for the industry in 2020, with some predicting a slight decline. Most experts nonetheless are optimistic and say certain markets might present opportunities for growth.

1/21/2020

ESG funds raked in a record $20.6 billion in 2019, nearly four times the previous high mark in 2018. Besides the social and environmental appeal of these funds, analysts cite lower costs and increasing availability as reasons for the rising interest.

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CNBC
1/21/2020

Financial-services professionals shouldn't overlook the "young old" demographic, writes Bryce Sanders of Perceptive Business Solutions. This group of people ages 65-74 is in good health, active and wealthy, and businesses should cater to it, he writes.

1/21/2020

While macro hedge funds turned in a respectable 14% average annual return between 1990 and 2008, they are now posting on average 1.9% against the 14.7% average for the S&P 500. However, those macro managers willing to find a fresh edge by embracing new technology, exploring fresh markets and strategies are still capable of thriving.

1/21/2020

The International Monetary Fund and European Central Bank say central banks' response to the 2008 financial crisis now means hedge funds could pose a systemic risk to the global economy. The bodies contend that excess liquidity and ultra-low interest rates, in tandem with tighter bank oversight, have shifted risk-taking behaviour from the major investment banks to the hedge-fund sector.

1/21/2020

A number of hedge funds with exposure to the mainland Chinese equity market posted double-digit returns last year, according to internal documents. "Accommodative central bank policies and optimism towards the progress of the U.S.-China trade negotiation definitely played a part in the strong performance of China's equity markets last year," said Eurekahedge analyst Nicky Indradi.

1/21/2020

Starting Feb. 3, Eurex Clearing will increase the mandatory contributions to its default fund, to 9% of an average margin metric from the current 7%, in an effort to counter slow growth in its derivatives business. Eurex chief risk officer Dmitrij Senko says a rise in business in segregated accounts has increased mock losses.

1/21/2020

Germany's finance minister Olaf Scholz is to release proposals for a financial transaction tax before the end of next month, according to German press reports. The reports quote an unnamed government official as saying that an FTT "is coming", whether at an EU level or nationally.

1/21/2020

The world's leading 20 hedge funds posted their best results in a decade last year to return $59.3 billion to investors, according to data from LCH Investments.