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

Guggenheim Weighs Stake Sale for $250 Billion Manager

Firm said to have been in talks with investors in Europe, Asia

DLA Piper first corporate supporter for Museum of London's New Museum Project

DLA Piper today announced that it has become the first corporate supporter of the Museum of London's New Museum project, one of the biggest cultural projects currently happening in Europe.

BlueBay Asset Management brings on head of structured credit and CLOs

Mr. Chhabra "will strengthen our existing leveraged finance proposition and, given the range of strategies we plan to launch

Asset management costs at Dutch schemes on the rise

In currency terms, costs rose by €485m to €4,268m.

Foresight Group becomes a Climate Bonds Partner

This partnership will give Climate Bonds and Foresight the opportunity to work on a joint basis with a focus on the increasing role of infrastructure investment in mitigating climate impacts and building resilience.

Invesco launches the first Saudi Arabia ETF in Europe

The reforms within the ‘Saudi Vision 2030’ programme are intended to reduce the economy’s dependency on government funding and oil exports.

Moldova’s Largest Bank Prepares For Sale

The reduced price reflects the fact that those shareholders are currently suing the BNM in order to keep their stake.

Aviva sets out 'urgent priorities' for adviser platform fixes

Advisers have been suffering from months of platform disruption following Aviva’s move to FNZ technology in January.

Axa IM puts 40 UK roles on the line following restructure

An Axa IM spokesperson said there will be 'minimal impact' on asset management and portfolio manager roles.

Axa fund arm to cut staff, invest 100 million euros in major overhaul

As part of the revamp, AXA IM said it would be split into four business areas and the management board would see three new appointments.

Legal & General Investment Management expands Future World Fund range

The fund will primarily hold L&G Future World ESG index funds1, incorporating ESG considerations via tilts to the underlying standard indices.

‘Big ticket’ trades made possible by bond ETF liquidity

Inflows are rising, but they are yet to be properly tested by market strain

DGIC Announces LOI for Pinnacle Capital, Panama

Our vast European client base, and custodial servicing, the Pinnacle Division bring immense hedge fund and trading implementations strategies between the Sarin Group, Rosen Group, and Lemaire Group

UK private equity firm Actis targets sharp rise in Asian investors

Company’s partner in charge of global fundraising says in the next 5-7 years, Asian investors are expected to account for 30pc, up from the current 20pc of entire 235 client base

Cohen & Steers launches UK fund for $1.2bn real asset star

The strategy will invest in a portfolio of property, infrastructure, gold, and commodity equities, with a fixed income overlay in order to manage fund liquidity.

Norway's wealth fund buys £28.8 million property stake in London

The fund paid 28.8 million pounds for the stake in 30 Warwick Street, valuing the long leasehold interest at 115 million pounds.

Legal & General launches ethical multi-asset strategy

It will primarily invest in L&G Future World ESG index funds incorporating ethical considerations via tilts to the underlying indices.

Chinese AM group launches smart beta A-share ETF

These are selected and weighted according to their volatility and how heavily they are traded.

Sompo International unveils transaction risk insurance in Europe

Thomas’ in-depth knowledge in this area along with new underwriting talent recruited to our European Specialty team will enhance Sompo International’s presence in this important market.

UBS London HQ bought up by Hong Kong investment firm in £1bn deal

The building was bought from British Land and GIC.

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