Thursday, 30 October 2014
Last updated 5 min ago
May 20 2009 | 1:04pm ET
Julius Baer Holding has decided to split its private bank and asset management business, including its GAM fund of hedge funds business, into two independent entities, both individually listed on the Swiss Exchange.
The private banking business will be listed under Julius Baer Group, while the asset management units, including GAM, Artio Global and Julius Baer Asset Management Europe, will be listed as GAM Holding. The split will be completed during the third quarter, subject to shareholder and regulatory approvals.
“In light of the challenges that many financial services business models are confronted with currently, we are convinced that both entities will benefit from their sharpened focus and the absence of competing interests, thus acting pro-actively in the best interest of all of our stakeholders,” said Raymond Baer, chairman of Julius Baer.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.