Archive for April, 2015

Market trying to confirm bullish trend


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Market trying to confirm bullish trend

Earlier this week I discussed the market consolidation that has been occurring for the last couple of months. To wit:

(Note: Charts have been updated through Friday morning)

“It is this ‘technical side’ of the story that I want to examine today specifically.

Since the end of the 2012, coincident with the Federal Reserve’s implementation of QE3, the market has been on an unrelenting bullish trajectory that has defied weakening underlying economic data and market fundamentals. In other words, price momentum has deviated from underlying fundamentals as investor exuberance has escalated. Such deviations have been witnessed near the peak of every major bull market throughout history. This time is no different.

Even though the liquidity driven interventions came to an end in October of 2014, the market has continued its upward advance as momentum has kept prices afloat. While price volatility has certainly increased in recent months, I have maintained a fully allocated portfolio model as the primary bullish trend has remained intact. However, it is worth noting that the current bullish trend is extremely long by historical standards. This is shown in the chart below.”

Update: I noted that the current level of the MACD indicator (moving average convergence divergence) is at the highest level since 1999. This suggests that the markets are now more OVERBOUGHT than at any time in recent history. However, the chart below takes a look at the MACD indicator going back to 1940 along with a 500 period Williams %R indicator.

The dashed white lines show the current levels of the Williams %R at the peak of market cycles throughout history. Both indicators are extremely long time frames to slow down the volatility of the signals. Both are currently registering levels that have historically denoted major market peaks.

While this does not mean that the markets are set to “crash” tomorrow. It does suggest that the majority of the gains for the current market cycle have already been reaped. The question is whether or not you have harvested the gains from your portfolio or are you leaving them on the “vine to rot.”

Lance Roberts is a General Partner of STA Wealth Management. He is also the host of “Street Talk with Lance Roberts”, Chief Editor of “The X-Factor” Investment Newsletter and author of “The Daily Exchange” blog Follow Lance on FacebookTwitter and Linked-In.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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Monday, April 27th, 2015 EN No Comments

Thomas Miller hires Barclays W&I director

Thomas Miller Investment has hired Laythamm Malorey from Barclays Wealth Investment to head up its international business development.

At Barclays WI Malorey was a director responsible for treasury and brokerage sales in the Channel Islands and the Isle of Man.

Malorey will be tasked with driving Thomas Miller Investment’s offshore business.

Investment director and head of private investment management at the company Tom Richards said: ‘This is an exciting time for Thomas Miller Investment as we expand our offering and reach and we are pleased to welcome Laythamm to the team.

‘His expertise will help us build on our existing business relationships and develop new ones as we strengthen our international network of clients and contacts.’ 

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Monday, April 27th, 2015 EN No Comments

Global promotes Al-Rubaie, Al-Ghanim and Al-Qenaei to Executive Vice …

Apr 26 2015

more articles from

In This Article

KAMCO Investment Company K.S.C.P


To join the executive management team of the company
Kuwait – Global Investment House (Global) announced today the promotion of three managers to executive positions in the company. The company has obtained the approval of the Capital Markets Authority to promote Sulaiman M. Al-Rubaie to Executive Vice President of Alternative
Asset Management
, Bader G. Al-Ghanim to Executive Vice President of the MENA
Asset Management
and Rasha A. Al-Qenaei to Executive Vice President of Wealth Management.

On this occasion, Mrs. Khawla B. Al-Roumi, Executive Vice President – HR, Administration Marketing said, “These promotions add value to the executive management team through enriching experiences in the areas of core businesses. These professionals have managed over the years to provide the best for their clients despite the difficulties and challenges witnessed by capital markets.”

Mr. Al-Rubaie has more than 14 years of experience in merchant banking and private equity. He has a wealth of experience across many areas including advisory, mergers acquisitions, equity and debt capital markets and restructuring. He re-joined Global in 2010 as Vice President in the Alternative
Asset Management
team and managed the overall restructuring of the Private Equity department and the numerous funds and has been actively involved in value creation in portfolio companies. He is a member of the Frontiers Market Council of the EMPEA and is a board member of numerous companies in the GCC and the Levant. Mr. Al-Rubaie received his MBA from London Business School and a Bachelor of Science Degree in Operations Research and Industrial Engineering from Cornell University, Ithaca, New York.

Mr. Al-Ghanim has over 15 years of experience in investment advisory, asset management, and derivatives. He has a wealth of experience in portfolio and fund management with focus on equities and fixed income in the MENA region. He assisted in managing the first forward trading operations in the region and contributed to structuring the first derivative fund in the GCC. He joined Global in 2010 to assist in managing the equities asset management business in the GCC and has since actively contributed to superior performance of the asset classes under his management. Mr. Al-Ghanim holds a Bachelor of Science in Electrical Engineering and Bachelor of Arts in Economics from Boston University.

Mrs. Al-Qenaei has more than 16 years of experience in the Wealth Management arena covering various client segments throughout the region including sovereign wealth funds. She started her career with Global in Corporate Finance and was later moved to help set up the Wealth Management Department. She played a major role in fund raising, developing the client base, enhancing the service platform and building the team; and has taken up positions of increasing responsibility since joining Global in 2000. Mrs. Al-Qenaei holds a Bachelor of Science degree from Kuwait University.

Mrs. Al-Roomi concluded, “The career development and succession plan processes adopted by Global have resulted in these promotions. We strongly believe that hiring from within the company will not only enhance the company’s results driven culture but will strengthen the business management team as well.”

-Ends-

For further information:
Moustafa Zantout
Senior Vice President
Marketing Communications
Global Investment House
Tel: +965 2295 1615
Fax: +965 2295 1638
E-mail: mzantout@global.com.kw

© Press Release 2015


© Copyright Zawya. All Rights Reserved.


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Sunday, April 26th, 2015 EN No Comments

Independence firm Cirrus Wealth Management sets sights on aging advisers

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Sunday, April 26th, 2015 EN No Comments

Apple Pay for Northern Trust debit card holders

Northern trust is one of the leading financial service providers. It is a Chicago based company that provides its service worldwide. You can find Northern Trust office in 19 local states and in 20 locations overseas. This is listed among the top 10 wealth management companies in the US. According to latest analysis, the company has assets worth 224.5 billion dollars under the wealth management, 931.4 billion US dollars as investment and 6 trillion US dollar as custody. This yearNorthern Trust has completed 125 years of servingcustomers all across the globe.The core business of the company is to provide banking assets to families, Corporations and institutions.[NASDAQ:MAR]

Apple Pay, Apple Inc.’s digital wallet service will now be available to Northern Trust Debit Card holders. The service has been available for the credit card holders of Northern Trust for some time now and both companies have now decided to extend the services to the debit card customers as well. Northern Trust is expanding its digital business and this new tie up with Apple Pay is a step towards the expansion. Steven L. Fradkin, who is the president of wealth management of NTRS, confirms the news about Apple pay adoption for its debit card users. Another digital platform which northern trust provides for its customers is the private passport service. This advanced technology allows their clients to manage banking personalized services easily. This facility is available not only for banking service but also for mutual fund, investment, brokerage accounts and for trust. It is known from analysis that many people use private passport to deposit when compared to other services.  This service is compatible with iPhones, iPad and Android systems.[NASDAQ:MAR]

The wealth management service of Northern Trust is considered to be one of the best in the market.The introduction of mobile applications has reduced the need for customers to visit banks for banking and other financial transactions. Northern Trust has received the ‘Best innovation for a private bank’ award twice. It is also considered to be the best private bank in the US as it has won the ‘Best Private Bank’ award six times. Recently as in 2014,the bank was awarded theBest Private Bank for Socially Responsible Investing by financial time group. When a prestigious and proven bank like Northern Trust makes a move into digital wallet services, it will only be beneficial to the customers. How the services are used will depend on the customers of the bank.[NASDAQ:MAR]

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Sunday, April 26th, 2015 EN No Comments

UBS Wealth Cuts Allocation To US, UK Stocks

(Reuters) – UBS Wealth Management, the world’s biggest wealth manager, has cut its positions in U.S. and UK stocks, betting that euro zone shares offer the best value and growth prospects, the firm’s chief investment officer said in a note to clients.

The firm cut its tactical allocation to U.S. stocks to the lowest in three years at “neutral” from “overweight” while initiating an “underweight” on UK stocks.

It remains overweight euro zone shares, citing a combination of quantitative easing, accelerating economic growth, and strong corporate earnings.

“For the first time in years, the U.S. does not have the most attractive profit outlook compared to other regions, particularly the Eurozone,” Mark Haefele, global CIO at UBS Wealth Management, said.

“In the UK, earnings dynamics are weaker than in other countries, and the defensive nature of the market means it is less well placed to benefit from an upswing in global markets.”

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Friday, April 24th, 2015 EN No Comments

UBS exec: ‘For the first time in years, the US does not have the most attractive …

The logo of Swiss bank UBS is seen at the company's headquarters in Zurich February 10, 2015. REUTERS/Arnd WiegmannThomson ReutersLogo of Swiss bank UBS is seen at the company’s headquarters in Zurich

LONDON (Reuters) – UBS Wealth Management, the world’s biggest wealth manager, has cut its positions in U.S. and UK stocks, betting that euro zone shares offer the best value and growth prospects, the firm’s chief investment officer said in a note to clients.

The firm cut its tactical allocation to U.S. stocks to the lowest in three years at “neutral” from “overweight” while initiating an “underweight” on UK stocks.

It remains overweight euro zone shares, citing a combination of quantitative easing, accelerating economic growth, and strong corporate earnings.

“For the first time in years, the U.S. does not have the most attractive profit outlook compared to other regions, particularly the Eurozone,” Mark Haefele, global CIO at UBS Wealth Management, said.

“In the UK, earnings dynamics are weaker than in other countries, and the defensive nature of the market means it is less well placed to benefit from an upswing in global markets.”

(Reporting By Francesco Canepa; Editing by Lionel Laurent)

This article originally appeared at Reuters. Copyright 2015. Follow Reuters on Twitter.

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Friday, April 24th, 2015 EN No Comments

The 2015 Sunday Times Rich List: UK hedge fund billionaires almost double

Seven UK hedge fund managers are worth over £1bn (€1.4bn, $1.5bn), up from four executives in 2014, according to an annual wealth ranking compiled by the Sunday Times.

Crispin Odey, who founded Odey Asset Management, and his wife Nichola Pease have almost doubled their combined wealth to £1.1bn, according to the Sunday Times Rich List 2015.

Odey Asset Management’s profits trebled to a record £174m in 2013-14, with Odey earning £47.8m, the newspaper said in a 24 April statement.

Meanwhile, Alan Howard and Michael Platt, co-founders of Brevan Howard Asset Management and BlueCrest Capital Management, jointly lead the list with fortunes of £1.5bn each.

Howard’s personal fortune dropped £100m after topping the 2014 list while Platt’s wealth was unchanged from 2014, data showed.

Other hedge fund billionaires include Alexander Knaster of Pamplona Capital, Michael Hintze of CQS Management, Robert Miller of Search Investment Group and David Harding of Winton Capital.

Hedge fund managers are taking on more clients with the economy growing at its fastest pace since 2008. And British investors are seeking managers’ expertise to make up for a slump in yields from fixed income amid record-low interest rates, Bloomberg reported.

The 2015 Sunday Times Rich List will be out on 26 April, with the 128-page edition revealing the wealth of the 1,000 richest people in Britain.

The Sunday Times Rich List, compiled by British wealth expert Philip Beresford and edited by Ian Coxon, will be available online at thesundaytimes.co.uk/richlist.

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Friday, April 24th, 2015 EN No Comments

China Everbright Limited and Sinowel Enterprise Group Sign a Partnership …

HONG KONG, Apr 23, 2015 – (ACN Newswire) – Recently, China Everbright Limited (“CEL”, stock code: 165.HK) and Sinowel Enterprise Group ({“Sinowel”) announced the signing of a strategic partnership agreement to start their co-operation towards the secondary market of trust beneficiary rights. CEL and Sinowel plan to maximize their value, as well as leveraging their respective experience and advantages in the asset management sector to build a marketing platform for the trust industry.

CEL, a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and mainland China. It leverages a “Macro Asset Management” strategy with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment, Secondary Market Investment, and Structured Financing and investment. CEL has developed solid market bases in a number of sectors through private equity funds, venture capital funds, sector focus funds and hedge funds from the Group’s global fund management platform.

As a listed company with a long track record of operations in Hong Kong, CEL and its international team of experts and managers have substantial experience in cross-border financial activities and investment. As at December 2014 the Group managed 24 funds, with a fundraising scale of more than HK$50.3 billion.

Sinowel was jointly founded in 2000 by a team of financial services professionals and Kleiner Perkins Caufield Byers (“KPCB”), a top international venture capital company, who together aimed to build China’s leading financial product marketing and service platform. Over the past 15 years Sinowel has been committed to driving the innovative development of China’s financial sector and today generates annual revenues of more than RMB30 billion. The company’s main service areas include wealth management, asset management, consumer finance and software solutions for the financial sector.

Over the years, Sinowel is also dedicated to providing financial enterprises with integrated marketing and service solutions. The company is strongly regarded within the banking, insurance, fund, securities and trust industries and has built a substantial network of partners covering several hundred well-established financial enterprises.

The strategic partnership combines CEL’s brand reputation and capital advantage with Sinowel’s client base and asset management model. In January 2015 the two groups began cooperating by jointly launching the “Trust-easy-loan” service, the first of its kind in the trust industry. The service improves fluidity shortages with an innovative business model that delivers quick responses to trust-holders’ financing needs.

Base on the partnership in “Trust-easy-loan” service, the two companies will further deepen and broaden their collaboration in macro asset management, providing clients and high-net-worth individuals with unique, quality products and services.

About China Everbright Limited

China Everbright Limited (“Everbright”, stock code: 165.HK) has woven huge cross-border social and business networks in Hong Kong and the Mainland. China Everbright Limited, being a member of China Everbright Group, is a diversified financial services enterprise operating in Hong Kong and Mainland China. It is the second largest shareholder of Everbright Securities (stock code: 601788.SH) and third largest shareholder of China Everbright Bank (stock code: 601818.SH, 6818.HK) in the Mainland. China Everbright Group is the holding company of Everbright.

Established in 1997 at Hong Kong, Everbright persistently pursues its “Macro Asset Management” strategy, with specific focuses being placed on fund management and investment businesses, namely Primary Market Investment, Secondary Market Investment and Structured Financing and Investment.

Moreover, being a substantial shareholder of China Aircraft Leasing Group Holdings Limited (stock code: 1848.HK), Everbright is actively developing aircraft leasing business in China and emerging markets. In addition, by leveraging the advantages in cross-border fee-based business of an associate, Everbright Securities, Everbright also participates in the development of investment banking (corporate financing) and brokerage services (wealth management) businesses in Hong Kong.

Over the past years, Everbright has developed solid bases in various sector markets. It manages series of private equity funds, venture capital funds, sector focus funds and hedge funds as operated via an international management platform, and provides overseas investors with opportunities to explore and invest in companies with fast growing potential in the Mainland China. On the other hand, Everbright also seeks investment opportunities from overseas and provides diversified financial services for its clients in Mainland China.

Through upholding the philosophy of “Making Wealth Simple”, Everbright leverages on its own substantial financial strength, as well as the position and influence of China Everbright Group and its affiliated companies in the financial industry in China, and has successfully built huge cross-border social and business networks in Hong Kong and the Mainland, and established a reputable image in the market.

Contact:

Golin
Annie Leung
Tel: +852 2501 7918
Fax: +852 2810 4780
Email: aleung@golin.com 

Max Lau
Tel: +852 2501 7905
Fax: +852 2810 4780
Email: mlau@golin.com 


Apr 23, 2015
Source: China Everbright Limited

Topic: Press release summary
Sectors: Financial General

http://www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2015 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Thursday, April 23rd, 2015 EN No Comments

Addepar upgrades wealth management platform..

The release further delivers on Addepar’s vision to enable investors and advisors to operate more efficiently and focus on what matters most: managing investments, building trusted relationships and growing their businesses — not IT operations.

Investment management has never been more fast-moving, dynamic and interconnected, and yet the industry is still powered primarily by people with spreadsheets and other decades-old tools. Addepar is the only investment management platform built for modern investors and advisors: it makes complex portfolios easy to understand, revealing deep, accurate, and immediate insights to keep up with today’s financial markets.

The platform aggregates, reconciles and normalizes financial data across all asset classes, currencies and ownership structures; enables custom, accurate analysis on-the-fly; and arms investors and advisors with the most intuitive and customizable reporting tools on the market. Addepar defines the new standard for advisor-investor communication and cross-firm collaboration.

“The modern world of finance requires integrity, transparency, and impact. It is our mission to deliver technology to make this a reality,” said Eric Poirier, CEO at Addepar. “There is a new wave of investors with increasingly diversified portfolios, who own trillions of dollars in investable assets. The tools that are used to manage these portfolios are antiquated and incapable of making sense of today’s complex world of finance. This latest evolution of Addepar’s platform empowers investors and advisors to effortlessly address these sophisticated needs, and save considerable time in the process.”

Over the last year, Addepar has seen increased adoption from single- and multi-family offices, wealth advisors, endowments and foundations, large financial institutions, and funds and fund administrators. These clients realized that they must evolve their portfolio insights, reporting and communications to remain competitive and relevant. Customers like Perigon Wealth Management, Robertson Stephens Advisors, and Silicon Valley Bank rely on Addepar to help them gain deeper insights into their portfolios so they can make impactful decisions and work with their clients in a more agile way.

“Addepar has developed a truly impressive interface that makes it easy to quickly and efficiently look at a series of complex balance sheets and portfolios, and develop customized views and reporting to meet the particular needs of any given client,” said Jeff Schnitz, managing director and president of SVB Wealth Advisory, Inc.

This major release was developed based on extensive client conversations and user-testing, and the result is a significant leap in the usability and functionality of the Addepar platform. The entire Addepar team focuses on refining the platform’s state-of-the-art data aggregation, analysis and reporting capabilities to drive informed investment strategies and centralize communication — all supported by instantaneous and secure cloud access.

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Thursday, April 23rd, 2015 EN No Comments