- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Hedge fund launches surge in early 2024, data shows

The surge in new launches was led by equity Hedge funds, with 75 new funds representing over half of the Q1 launches.

PineBridge Benson Elliot’s Diuna Project Wins ESG Champion Building Award at the CEEQA 2024 Awards

Diuna is a joint project between PineBridge Benson Elliot and Syrena Real Estate.

Lloyd’s expands public asset investment opportunity through Canadian Core Fixed Income Fund

The solution offers efficient access to a broad asset universe that is fully compliant with local regulatory requirements, coupled with Solvency II capital charge efficiencies.

MMI London: The price and value of advice

MMI, in association with Fundment, will feature a series of unmissable sessions, panel discussions and workshops offering valuable insights from experts across the sector.

Fintel to buy Threesixty Services from Abrdn

The acquisition of Threesixty Services will bring together two of the biggest companies in the advice compliance and business support space.

STM Group suffers fall of profits and earnings on eve of acquisition by pensions rival

The firm’s operating margin before other items also fell, down from 14 per cent in 2022, to 11 per cent last year.

Martin Gilbert's AssetCo to split in two

The other asset within AssetCo is a 30 per cent stake in investment management and platform business Parmenion.

Alternative fund managers face rising compliance risks

The study found that 64% of compliance teams are currently under-resourced, with 34% of those feeling significantly understaffed.

EQ Investors hit by IT security breach

Wealth and advice firm’s client portal is currently down after sensitive client information was impacted over the weekend.

China - Between Beijing, Brussels and Berlin

Growth is supported by a stronger momentum in exports.

Witan Alliance merger ‘best-fit outcome’, but questions raised over WTAN’s trust holdings

Some 8% of Witan’s portfolio is invested in other trusts

New diagnostic tool launched ahead of Consumer Duty first anniversary

This new diagnostic tool will additionally provide evidence to the firm

Alliance and Witan deal sees UK’s largest investment trust merger

The combined companies will be known as Alliance Witan PLC.

Two-thirds of Brits think the state pension won't exist when they retire

This is despite women being more likely to have to rely on it more heavily in their retirement as a result of the 35 per cent pension gap between men and women.

Guardian pays out £15m in protection claims

The announcement marks a major milestone for the protection challenger brand.

BNY Investments launches Euro High Yield Beta Fund

Euro high yield is a dynamic asset class that has outperformed European equities for almost 25 years

Look up or look down? The rise of subscription line and NAV financing

One of the most transformative changes in fund financing

Phoenix Group to explore potential sale of Sunlife

The firm added that the board has chosen to begin a sale process, having already received “a number of initial expressions of interest” from third parties.

Creating a leader in the UK savings and retirement market

Aegon UK is well positioned to capture the opportunities of the UK’s large and growing market for long-term savings and retirement solutions.

DFM directors banned for £69m ‘high-risk’ bond scheme

Collapsed DFM SVS Securities took commissions of up 12% to place clients in high-risk bonds.

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