“We drew it on the back of a cigarette packet. Or 10 cigarette packets.”
One prime brokerage team took a time-honoured approach to figuring out how Credit Suisse’s Archegos losses could be that bad.
“What’s the next big investment asset class for the super-wealthy? Well, this year it’s certainly not going to be French wine.”
The frosts that have hit vineyards in Bordeaux and Burgundy are being felt in wealth management.
“Having a [LatAm] regional strategy without Brazil is like having a barbecue without beer.
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