Family offices would benefit from taking a three-pronged approach to managing their assets if they want to grow wealth in the current risky economic climate, according to investment manager Stefan Angele.
Keith Wade, Chief Economist & Strategist, and Azad Zangana, European Economist, look ahead into 2012
The fund lost 8.9 percent for 2011 through November, according to a person familiar with the matter, who asked not to be identified because the information is private.
In that period, Henderson bought its ailing rival Gartmore in an all-share deal valued at £335m. Gartmore had been beset with crises thanks to the controversial trading activities of one of its fund managers.
Italy's household wealth is notably higher as a share of income than in other countries, topping the U.K. and France and amounting to 60% more than in the U.S., the central bank said.
The deal was one of the largest and most anticipated in London's financial heartland, where there has been a dearth of large office moves as companies think twice before signing for new space amid the euro zone sovereign debt crisis and sluggish econ
Shrinking fund sizes, crisis in the euro zone and hopes for emerging markets growth are all redrawing the global private equity map, determining the locations and sectors in which buyout firms hire and fire staff.
The firm said it had decided to close the strategy, which invested across a range of collectives across asset classes, as it has not managed to attract enough assets to keep it profitable.