The News Review:
- SmarTrend(R) News Watch: UBS To Shake Up Brokerage Management
- PRACTICE MANAGEMENT: Goodbye Client – It’s Not You It’s Me
- Report: Current Conditions Favor Active Management
- Cofco Hopu Fund Invest in Mengniu Dairy
SmarTrend(R) News Watch: UBS To Shake Up Brokerage Management
FXBusiness
The report which cited inside sources familiar with the matter said that UBS has held repeated conversations with Morgan Stanley (NYSE:MS) regarding the sale but they were unsuccessful. The report also indicated that UBS has begun talking to various senior financial officials in order to gauge their interest in taking a management role in the unit. The company’s spokeswoman declined to comment on the management shakeup speculation. Write to Chip Brian at cbrian@tradethetrend. com ——————————————————————————————— SmarTrend analyzes over 5000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time.
PRACTICE MANAGEMENT: Goodbye Client – It’s Not You It’s Me
Wall Street Journal
“You don’t want to fire someone who sits next to you in church. ” With the help of practice management coaches xley and his three partners decided to divide their business. They sent a letter to clients with relatively small accounts acknowledging their history.
Related from Wtgmarketingsummit: Marketing Events and Business Development Executive
Report: Current Conditions Favor Active Management
Financial-Planning.com
Following periods of extreme market distress active management tends to do better than passive management the company concluded. The study notes that 64% of all equity funds with reportable data have outperformed their benchmarks for the first five months of 2009 using Lipper data. “The early part of 2009 appears similar to other periods that we have studied where market distress has created exceptionally wide valuation spreads across the marketplace” David Daglio senior vice president of Boston Company Asset Management’s opportunistic value strategy said in a statement. “During these periods the good stock picker is able to select equities with historically low valuations and where fundamental recovery prospects have been ignored” he said. ther similar periods cited by the company include 1974-1975 1990-1991 and 2001-2002.
Cofco Hopu Fund Invest in Mengniu Dairy
Wall Street Journal
–>Cofco Hopu Fund Invest in Mengniu Dairy ArticleCommentsmore in. are teaming up to invest about US$780 million for a 20% stake in China Mengniu Dairy Co. according to a person familiar with the situation. The two investors will jointly become the Inner Mongolia-based dairy producer’s largest shareholder through the purchase of newly issued shares as well as shares from existing shareholders this person said. The shares are being purchased at a roughly 10% discount to the stock’s Friday close of HK$19.