wealth

Trump loses $600mn in personal wealth during first year of presidency

3 days ago DieselGasoil Comments Off on Trump loses $600mn in personal wealth during first year of presidency
Published time: 18 Oct, 2017 10:31 Edited time: 18 Oct, 2017 11:58 The net worth of America’s 45th president has shrunk by $600 million over the last twelve months, according to Forbes magazine. Nearly a year after a win over Hilary Clinton and moving to the White House, Donald Trump dropped to number 248 in Read More

Trump losses $600mn in personal wealth during first year of presidency

3 days ago DieselGasoil Comments Off on Trump losses $600mn in personal wealth during first year of presidency
Published time: 18 Oct, 2017 10:31 The net worth of America’s 45th president has shrunk by $600 million over the last twelve months, according to Forbes magazine. Nearly a year after a win over Hilary Clinton and moving to the White House, Donald Trump dropped to number 248 in the magazine’s ranking of the wealthiest Read More

Carlyle, OppenheimerFunds form wealth management venture

5 days ago DieselGasoil Comments Off on Carlyle, OppenheimerFunds form wealth management venture
(Reuters) – U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich Investors in the United States, the companies said on Monday. Kamal Bhatia, the head of investment solutions for OppenheimerFunds, and Mark Jenkins, the head of global credit for Carlyle, Read More

How to close the race-based chasm in U.S. retirement wealth

1 week ago DieselGasoil Comments Off on How to close the race-based chasm in U.S. retirement wealth
CHICAGO (Reuters) – The gap in U.S. retirement wealth between white and minority families has widened to the point where it really is not a gap anymore. It is a canyon. In 2016, white families had six times more money saved for retirement on average than black or Latino families, according to new data from Read More

For UBS, size is key to opening digital wealth vaults

3 weeks ago DieselGasoil Comments Off on For UBS, size is key to opening digital wealth vaults
ZURICH (Reuters) – UBS (UBSG.S), the world’s largest wealth manager, is convinced its new online private bank needs to get bigger. Now it needs to work out how. The Swiss bank began piloting SmartWealth last year in Britain as a platform to rival start-ups such as WealthFront in the United States and British venture Nutmeg. Read More

MOVES-BNY Mellon Wealth Management names new senior wealth director

1 month ago DieselGasoil Comments Off on MOVES-BNY Mellon Wealth Management names new senior wealth director
Sept 19 (Reuters) – Bank of New York Mellon Corp’s wealth management arm named Juan Alejandro Ramos as senior wealth director of its Greenwich, Connecticut office. Ramos, who previously worked at BofA’s U.S. Trust bank as senior vice president, will report to Managing Director Chris Griffin. (bit.ly/2ybc5YJ) (Reporting by Roopal Verma in Bengaluru) Our Standards:The Read More

Norway's $1 trillion wealth fund backs Linde-Praxair combination

1 month ago DieselGasoil Comments Off on Norway's $1 trillion wealth fund backs Linde-Praxair combination
OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, supports the planned merger of German industrial gases group Linde (LING.DE) and U.S. peer Praxair (PX.N), it said on Tuesday. “Norges Bank Investment Management has tendered all shares held in Linde AG in connection with the business combination between Linde AG and Praxair Inc,” the Read More

Norway's sovereign wealth fund celebrates “stunning” $1 trillion value

1 month ago DieselGasoil Comments Off on Norway's sovereign wealth fund celebrates “stunning” $1 trillion value
OSLO, Sept 19 (Reuters) – The value of Norway’s sovereign wealth fund officially hit $1 trillion early on Tuesday after outperforming all initial expectations, its manager said in a statement. “I don’t think anyone expected the fund to ever reach $1 trillion when the first transfer of oil revenue was made in May 1996,” said Read More

Qatar sovereign wealth fund cuts stake in Tiffany & Co

1 month ago DieselGasoil Comments Off on Qatar sovereign wealth fund cuts stake in Tiffany & Co
DUBAI, Sept 14 (Reuters) – Qatar’s sovereign wealth fund Qatar Investment Authority has reduced its stake in upscale jeweller Tiffany & Co as it rebalances its asset portfolio, according to Morgan Stanley, which managed the deal. QIA sold 4.4 million shares in the jeweller through a block sale completed on Thursday, Morgan Stanley said in Read More

Qatar’s wealth fund sells $417mn stake in Tiffany & Co

1 month ago DieselGasoil Comments Off on Qatar’s wealth fund sells $417mn stake in Tiffany & Co
The sovereign wealth fund of Qatar has sold a block of shares in American jewelry retailer Tiffany & Co. valued at as much as $417 million. Qatar is currently at the center of a major diplomatic crisis with neighboring Gulf countries. According to Bloomberg citing a statement from Morgan Stanley, the Qatar Investment Authority (QIA) Read More