Archive for the ‘High Net Worth’ Category
The global financial crisis have presented us with such crazy happenings driven by greed. More is to come, the following is from an actual New York Times article and not FHM or Happy Potter novel. Investors Put Money on Lawsuits to Get Payouts.
“Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping hundreds of millions of dollars into medical malpractice claims, divorce battles and class actions against corporations — all in the hope of sharing in the potential winnings.”
This insane practice, thankfully, cannot be found here. Or at least not to any extent of common knowledge. Will you as an investor, want to own payout of your wealthy neighbors’ ugly divorce battle in a loan structure? After all, this thing looks like its gonna hurt the plaintiff good, which is profitable for my clients!
Every year Capgemini and Merrill Lynch Global Wealth Management will publish a World Wealth Report, in its 14th year now and also a Asia-Pacific Wealth Report, their fifth annual in-depth look at the high net worth (HNW) marketplace in the region. Both reports are the result of an extensive collaboration between the two firms, studying the key trends that affect high net worth individuals (HNWIs). It is really interesting read.
Download page here. Alternatively, you can ask me for a copy.
Asia-Pacific HNWI segment showed substantial gains in 2009. The combined wealth of Asia-Pacific millionaires surged 30.9 per cent to US$9.7 trillion in 2009, erasing losses in 2008 and surpassing Europe’s rich. More relevant to me is how HNWI invest. Some of the findings below.