Norway’s wealth fund, world’s largest, loses USD 30 billion as bond turmoil bites
Norway’s USD 2.3 trillion sovereign wealth fund, the world’s largest, reported a loss of 278 billion Norwegian kroner (USD 29.7…
Category: Wealth Management
Norway’s USD 2.3 trillion wealth fund may open its doors to defence giants
A government-appointed panel has proposed easing restrictions on nuclear weapons manufacturers, potentially unlocking billions of dollars in investment Norway’s USD…
UAE wealth to hit USD 6 trillion by 2030 despite Iran war jitters, says BCG report
BCG expects the number of ultra-rich residents to climb to 800 as property, financial assets and cross-border wealth underpin the…
London’s global wealth hub status takes USD 160 billion hit as super-rich leave UK
Property tycoon David Reuben, ranked second on this year’s ‘Sunday Times Rich List’ with his brother Simon, has moved from…
DBS and Avaloq expand 18-year partnership to accelerate Asia’s wealth growth
The strategic partnership will combine DBS’ deep wealth and investment expertise with Avaloq’s advanced technology for wealth management Singapore-based financial…
BlackRock eyes USD 100 billion GCC investment shift, infra and private markets to benefit
The governments have expanded spending on infrastructure, industry and digital assets while seeking to monetise or privatise state-owned businesses BlackRock…
Norway’s wealth fund plans holdings cut worth USD 80 billion to US Treasuries
FeaturedWealth Management Norges Bank Investment Management wants to reduce government bonds in its portfolio and shift towards higher-yielding fixed-income assets…
Growhill Wealth launches ‘AI Workforce’ to power independent advisors across Asia
Growhill Wealth, a licensed wealth platform that uses AI, has announced the launch of its AI workforce for independent financial…
Zurich-based EFG sells UK wealth management business Harris Allday to rival Canaccord
Harris Allday provides wealth management services primarily to affluent clients in the Midlands region of the United Kingdom Zurich-headquartered global…
Norway wealth fund posts record USD 184 billion profit as CEO warns of risks
Investing in the Norwegian state’s revenues from oil and gas production, the fund currently owns on average 1.5% of all…