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Our lead story focuses on the highlights from the PricewaterhouseCoopers Private Banking/Wealth Management Survey 2007. This is a period of unprecedented opportunities for wealth managers. Buoyed by rising global wealth, private banks and wealth managers everywhere are anticipating extremely high rates of profitable growth. Yet the survey also shows that Chief Executives have some hard choices to make in order to achieve their growth ambitions. This is a time when strategic choices have to be made and finite resources have to be focused on serving existing clients as well as supporting highly ambitious growth plans. Also in this publication is a story which discusses reports published by two industry bodies which suggest principles for valuing hedge funds. Taken together, these start to set a standard as to the expected processes and procedures to be followed in hedge fund valuation. Other topics covered in this edition include MiFID inconsistencies persist, European Court of Justice expands value added tax exemption, UK REITs, German REITs and exchange traded funds.
Get Your Copy Here Read more by downloading our European Investment Management and Real Estate ("IMRE") News (Sep 2007) (pdf file, 401KB) for your reference.
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