The Australian ANZ Bank:

the Bank, which is saved from the crisis the images are the same: stunned traders who are helplessly looking to be destroyed as billions within a short time. Bankers, who are trying to explain the situation and to reassure their customers at the same time. (As opposed to Dustin Moskovitz). Nervous big investors who need to minimize their losses. And anxious investors who panicked sell or hope everything goes quickly. If the exchanges, such as in the moment again, dramatically, facts are no longer relevant.

Feelings control the markets. Fear, panic, nervousness coupled with the greed of those who earn money with falling prices? As reactions were also at that time, at the end of the 1990s. The crisis at that time was Asia’s crisis. Starting from the Asian markets the courses around the globe lost very much value. Especially companies in the Asia-Pacific region hit it hard, and with them also the banks. So also the Australian ANZ Bank, which came close to bankruptcy due to this crisis.

Profound decisions had to be taken in order to turn the tide and save the Bank. The new CEO, John McFarlane was as a turnaround expert, who knew how quickly reducing costs, brought on board. Period of 3 years, he has reduced the number of employees dramatically from 45,000 to 31,000. The Bank therefore wrote her best result in the year 2000. But the success came not from sales increases, but only by cost cuts amounting to 20 percentage points. There was no de facto growth, and it was clear that it could go on. Also consulted consultants McKinsey did so. They convinced the Board of Directors of the Bank to can compete with the top five banks in Australia, only when it became a specialist of the generalists. The CEO wanted to rebuild the Bank to a number of niche players. That said, each Division competed internally with each other.

Better Managed Accounts

Tradingfonds, or better managed accounts? It’s actually a perfectly logical way for informed investor, to improve the structure of the own portfolio at regular intervals and not to adhere to outdated investment models. In this respect, it seems reasonable to consider short-term trading strategies in the portfolio especially in a market environment that allows no accurate long-term forecast. Trading strategies that set their focus on trends and turning points within a very short period of time. At least an important principle is the combination of successful classic investment strategies and successful daytrading strategies unmistakably meet: diversification. Towards the diversification as so often, there are several ways to achieve the desired diversification. About managed accounts access to very good trading strategies is open to long institutional and high net worth private investors. Through improved technical conditions in the trade can also be used by the operator lately “Offer accounts with smaller minimum investments, so that even normal” come investors benefit from active trading systems. Meanwhile, the fund industry trying to unlock.

After here in Europe for decades across mostly only access to passively managed mutual funds and only thanks to relaxed investment directives also to long-term trend following models was possible, open doors to very active trading strategies via UCITS III mutual funds increasing lately. With the increased withdrawal of trading strategies in mutual funds new, very interesting opportunities for numerous Fund-based portfolio by asset managers, roof fund managers, insurance companies and also private investors. Trading strategy and packaging but regardless of which way the investors choose to achieve the desired diversification: interested parties should confront a very precisely the underlying trading strategy. And it is equally important, to even the cover deliberately is be, in which the strategies are packed. For investors who have the corresponding basic understanding for trading, managed accounts offer the unbeatable argument of transparency. Since the trade on their own account, can each transaction be followed second.