Friday, 27 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…