Moves

Churchouse to retire from Morgan Stanley

Peter Churchouse announces that he is to step down from his day to day involvement with Morgan Stanley.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  50%
 
At fair value versus the dollar
  27%
TOTAL VOTES: 70
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What's in this issue

Family offices come of age
Consumer-bank distributors speak
Hedge funds: the next generation