Allocation

In a message to investors, Crédit Agricole has presented its new strategy in a context marked by the lack of confidence of markets in European banks. The group is adjusting to this new operating environment.

For SCOR, the launch of this fund cements its entry into third party asset management, which was one of the initiatives announced as part of its strategic plan, «Strong Momentum».

The foreign exchange market (Forex) is not an extra asset class but all asset classes together in the same market. It can be a real source of diversification and performance subject to a systematic, disciplined and rigorous monitoring.

It is the conclusion of a paper entitled «The Changing Role of Hedge Funds in the Global Economy » written by Dr. Everett Ehrlich. He would expect more state and local governments will make them part of the solution moving forward.

By announcing that it would no longer tolerate the CHF stronger than 1.20 against the EUR and highlighting that in its opinion the CHF was still overvalued above 1.20, the SNB signalled that it was prepared to intervene in the FX market to sell CHF in unlimited quantities…