Alan Miller, one of the UK's leading hedge fund stars of the 1990s is now building up a reputation as a boutique wealth manager, running family and third party money in mainly passive instruments. He talks to Yuri Bender about how his view of the investment world is changing over time.

Money is moving fast from European private banks to family offices and the private investment arms which handle their asset allocation, as wealthy families become disappointed by the poor returns of major providers. Will this be a long-standing wealth management trend or just a temporary blip? Yuri Bender talks to Adam Wethered, founder of private investment office Lord North Street.

Switzerland has been under sustained attack from the US authorities, with the aim of shutting down any banks helping US citizens to avoid taxes. As a result of international pressures, the banks have been changing their business to highlight portfolio management and asset allocation, rather than earning money from luring clients into secret, tax-friendly structures. 

A major transformation is taking place in the way private clients and institutions look at hedge funds. They need to rely on them increasingly to produce returns and need to make sure they choose a reputable manager for their money.

Some economic commentators are claiming the UK economy is in dire straits, while others believe voices of doom have exaggerated the situation, which has many positive aspects.

Yuri Bender, Editor in chief

In the latest editorial comment video, Yuri Bender, Editor-in-chief, discusses the what kind of assets private clients should be in investing in to benefit from the UK's balancing act.