Hedge Funds, like many other financial assets, struggled in 2008 as volatility shot up & liquidity selectively disappeared. A large number of managers are now holding high cash balances in order to meet redemption requests. There are also managers with illiquid holdings that, at least in the short term, will prove difficult to convert into cash. Performance issues, delays in redemption payments & a preponderance of 'Gates' have combined to leave a bad taste in investors' mouths.
This short but practical workshop investigates recent market changes that have affected hedge funds and their performance. What happened and what went wrong?
This year the wealth management community has, selectively, struggled to justify itself to clients - particularly with some mediocre investment performances. Other client concerns relate to high staff turnover & the impact of non-wealth management activity within parent banks onto the wealth management business itself. Going forward, the reputation of the organization and quality of line management and financial advice will be crucial for the wealth managers to hold onto disgruntled clients. As ever though, in adversity lies an opportunity for those managers with a business model aligning their interests with those of their clients.
This hands on workshop analyses current market conditions for wealth management and private banking industry while giving an excellent opportunity for discussing main challenges with your peers.
Main Topics Covered During This Training
• Wealth management today - how big is the market?
• Onshore vs. offshore banking
Strategic and tactical allocation for asset managers and investors The Asset Allocation Summit 2009 is Europe's biggest and most influential event focused on strategic and tactical asset allocation for both asset managers and institutional investors, at a time when asset allocation is more critical than ever.
Strategic and tactical allocation for asset managers and investors
During 2008, the financial institutions of the world suffered unprecedented events. In the years to come the field of risk management will reflect on these events to develop new approaches and frameworks. As the dust settles, it is becoming clear that financial organizations that focused on qualitative operational risk were better prepared.
This course focuses on the actual events of 2007-2008 and shows how a failure in Operational Risk Management fuelled the subsequent Credit & Liquidity Crisis and the Financial Meltdown which engulfed the world in the closing months of 2008.
Implementing an Operational Risk Management regimen is a complex process. At its core is an understanding of what Operations Risk is and how it can best be managed.