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While conversion to IFRS has benefits, the transition from U.S. GAAP to IFRS is significantly more than a technical accounting issue. In this article, Rothstein Kass provides a high-level overview on the adoption of IFRS for investment companies currently in conformity with U.S. GAAP.

A thorough understanding of the risks from extreme market moves is essential to a realistic estimation of a strategy's risk/reward profile. Every market professional is aware that with risk come opportunities. In this paper, LJM Partners shows that a process can be built to use the heightened premiums of OTM S&P options to enhance returns.

The differences between the belief systems and practices of stewards and inheritors within single Asian families and the confusion they create.

A business-owning family can create a secure foundation for effective multi-generational ownership and control by transferring shares of a family business in trust during the controlling owner's lifetime, and through careful drafting of trust provisions, choice of governing law, selection of a capable trustee and implementation of effective family governance processes, Withers Bergman says.

The recent economic crisis resulted not only in a significant loss of wealth, but also in a loss of trust. This article addresses the psychology of that loss of trust and presents a constructive response to it for family offices and their clients: Create standards for investing that can help avoid a re-occurrence of recent events.

Deutsche Bank researchers examine the impact of speculative trading on the price of crude oil, based on variables in weekly market reports from the U.S. Commodities Futures Trading Commission and econometric procedures. Researchers conclude that speculators' dispersion in beliefs, not their activities, drive crude oil prices.

Hotels can be lucrative investments, but they also can be disastrous investments. As an operating business with high capital costs and many employees, hotels have unique obligations and liabilities that potential investors must assess carefully. In this paper, HVS Hotel Management lays out the key issues for investors to consider as part of the due diligence process.

Collectibles often satisfy an emotional need, but they also may offer benefits similar to those of financial assets. Noting the ability of collections to deliver superior investment returns while helping to diversify a portfolio, Robert W. Baird & Company makes the case for treating private collections like other assets.

In response to representations made since the Pre-Budget Report, HMRC announced that the draft legislation released in December and, in particular, the definition of a "bank" did not actually reflect their intentions and that the legislation will be substantially amended in this regard. Withers Worldwide provides a summary of the amendments and their future implications.

Although wealthy philanthropists vary in their interests, backgrounds and styles of giving, some patterns emerge. Researchers for Barclays Wealth create profiles for six types of givers – privileged youth, eco givers, altruistic entrepreneurs, reactive donors, cultural inheritors and professional philanthropists – and identify each group's source of wealth, key causes, mode of giving, donation level and motivation.