Sam A. Dedio is plunging ahead at Julius Baer Holding, the Zurich-traded asset manager.
Bayer trades 32% below its break-up value, only 21 times Julius Baer's estimate of 2001 earnings.
Apparently, now is as good a time as any for Julius Baer to hold an IPO.
Ultimately Julius Baer will need a proper global network to attract decent amounts of new money.
The question now is whether an independent Julius Baer can grow rapidly and become more international.
Julius Baer is extremely bullish on American equities, with 60% of its equity funds parked there.
Only 12 international funds slipped through, including Harbor International and funds from GMO, Julius Baer and Oppenheimer.
Julius Baer Americas has some one the most successful international equity mutual funds in the United States.
The Julius Baer International Equity Fund is another good one (grades: A and A) that does some hedging.
Elmer, a former private banker for Bank Julius Baer based in Zurich, Switzerland.
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So unperturbed is one, Julius Baer, that it is recommending the same overall asset allocation as it was in October.
Hans Kaufmann of Julius Baer, a Swiss bank, thinks it will water down Credit Suisse's earnings by 8% this year.
Julius Baer Group AG and Bank Vontobel Holding AG also said they didn't turn to the Swiss and U.S. central banks.
Julius Baer, another medium-sized bank, sold its institutional stockbroking arm in 2003 and is now spinning off GAM, its volatile hedge-fund operation.
Mr Matthews of Bank Julius Baer said these worries had made the banks "even more cautious about lending in an uncertain economic environment".
Separately, shares of Julius Baer soared on rumors that Goldman Sachs is planning to offer 100 Swiss francs per share for the company.
Despite the profitability problems, Stark said the U.S. business fueled overall growth in a stretch when Julius Baer's private banking side was underperforming.
Private investment bank Julius Baer added 2.2% after confirming it is in talks with Bank of America about acquiring the Merrill Lynch international wealth-management business.
That could bode well for Credit Suisse, Julius Baer and others.
Until then, attempts like those of the Swiss Bank Julius Baer in 2008 to wipe it off the Web only increased its notoriety and cachet with leakers.
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These include Swiss private banking concern Julius Baer which is the third best performer in Europe with a return of more than 3% over the past week.
Julius Baer runs a private bank for high net worth individuals and an asset management business, which apart from Julius Baer Americas includes alternative investment provider GAM.
Though Julius Baer remains keen on the American stockmarket, the average recommended allocation of American shares by our moneymen is now four points below a neutral weighting.
"Bayer has a couple of thousand well-trained salespeople in Europe with little to sell at the moment, " says Christian Faitz, a chemical industry analyst with Bank Julius Baer in Frankfurt.
On Tuesday, the Swiss-based wealth manager announced it intended to publicly float the stock of its mutual fund subsidiary Julius Baer Americas, seeking to concentrate on its core private banking business.
Separately, shares of Julius Baer soared on rumors that Goldman Sachs (nyse: GS - news - people ) is planning to offer 100 Swiss francs per share for the company.
To fund the deal, Julius Baer will use a combination of cash on hand and proceeds from proposed capital raises, which includes bringing BofA in as a shareholder, according to the press release announcing the deal.
As part of the transaction, Julius Baer and BofAML have agreed to enter into a cooperation agreement whereby BofAML will provide certain products and services to Julius Baer, including the provision of global equity research, product offerings, as well as structured and advisory products.
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