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Oct 22, 2024 | 
pwmnet.com | Ali Al-Enazi |Elisa Trovato |Alison Ebbage |Bethan Waters
Private banks are urging investors to seize the artificial intelligence opportunity through private markets, with wealthy families leading the charge. While a strong investment case for artificial intelligence (AI) in public markets remains intact, according to UBS, there are also “interesting” diversification opportunities through private markets due to broadening AI adoption and spending trends.
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Sep 10, 2024 | 
pwmnet.com | Alison Ebbage |Bethan Waters |Ali Al-Enazi |Victoria McGurran
Private banks have been promoting private markets to their clients, but potential investors must be made aware of the liquidity constraints. Private markets have traditionally been the preserve of institutional investors. But in recent years private banks have been promoting them to high net worth individuals (HNWIs) and wealthy families as a diversification play. There has been a flurry of activity in this space.
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Sep 6, 2024 | 
farrer.co.uk | Bethan Waters
Luxury assets can be both treasured possessions and valuable financial tools, but it is crucial to consider the potential risks and costs involved. Luxury or “passion” assets, namely collectible tangible goods with additional personal or emotional value, are often cited as outperforming other asset classes over long periods.
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Sep 5, 2024 | 
pwmnet.com | Bethan Waters |Ali Al-Enazi |Victoria McGurran |Nelson Chu
Luxury assets can be both treasured possessions and valuable financial tools, but it is crucial to consider the potential risks and costs involved. Luxury or “passion” assets, namely collectible tangible goods with additional personal or emotional value, are often cited as outperforming other asset classes over long periods.
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Jul 19, 2024 | 
farrer.co.uk | Bethan Waters |Suzanne Conticelli
Elon Musk said, “it’s okay to have your eggs in one basket as long as you control what happens to that basket”. This is not only relevant to metaphorical ‘eggs’ but also, perhaps surprisingly, to fixed charges being reclassified as floating charges, as demonstrated in the recent case of Re UKCloud Ltd (in liquidation) [2024] EWHC 1259 (Ch) (24 May 2024).
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May 13, 2024 | 
farrer.co.uk | Bethan Waters
My seven year old was recently told not to rush his schoolwork, which he explained happens because he gets to go and play football when he’s finished. I explained (in vain) that if he took more time preparing his first attempt, he would get outside sooner because he wouldn’t have to spend as much time correcting it.
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May 10, 2024 | 
farrer.co.uk | Bethan Waters
It’s fair to say that private aviation has a bit of an image problem. Private jets are often (rightly or wrongly) seen as the preserve of the dark suited, sunglasses wearing elite and the embodiment of an ever-increasing socio-economic divide between the “haves” and the “have nots”. It is therefore unsurprising that the sector attracts vociferous protests from both environmental and social campaigners.
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Apr 16, 2024 | 
farrer.co.uk | Bethan Waters |Charlotte McGuinn Freeman
In recent years, we have seen lenders in the English private banking market increasingly showing an appetite for taking security over artworks. Once it has been established that English law is applicable (see below), there are several legal and practical issues which should be considered before entering into security over artworks, including those set out below. This article covers the key points to consider when taking such security.
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Mar 7, 2024 | 
farrer.co.uk | Elizabeth Jones |Bethan Waters |Ben Parish |Joseph Harris
Many charities rely on donated income, income from trading activity or investment returns to allow them to further their purposes. Lots of charities, however, will at some stage turn to debt financing to allow them to purchase or develop property, invest in new technology, or expand their offer to beneficiaries. This article is a guide for charity trustees on what commercial lenders will bear in mind when lending to charities.
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May 25, 2023 | 
farrer.co.uk | Bethan Waters
Superyachts, business jets, art collections, watches, wine cellars, classic cars, prized handbags, jewellery and even the occasional pair of trainers. These assets are often seen as must-haves for high net worth individuals. Why and how these assets are acquired can of course vary wildly, from inheritance to “passion” acquisitions or speculative investments, through to the simple fulfilment of business needs.
