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

Germans sell trophy offices

The three are together worth £1bn, the source said.

London backs Deutsche Börse and LSE over domicile

Officials see no reason to force merged exchanges to take Frankfurt base

City banker sets out to dig for deals alone

Bacchus will focus on mergers and acquisitions work, as well as defending listed entities from unwanted bids

How Aviva, SJP and Standard Life would cope with pension tax relief reform

RBC argues pension tax relief reform is inevitable due to the Government’s greater need for tax receipts after Brexit.

Marshall Wace partners profit as performance fees jump

Top managers receive £16.7m on average after strong gains in flagship funds

Nikko AM unveils EM local currency bond fund

The growth gap in emerging markets is returning, on the back of sustained reform and consolidation over the past three years, and we believe the fund offers a promising entry.

Catella listed on Nasdaq Stockholm

There will be no issue of new shares, and shareholders of Catella do not need to take any action in connection with the listing on Nasdaq Stockholm.

London still top destination for future hedgies

The number of new fund launches overall was found to be down from the HFJ’s last report in 2014

Cartesian closes its doors, handing two funds to Sanditon

Edinburgh-based Cartesian was originally established as a joint venture with Ignis Asset Management back in 2005, before becoming an independent business in 2012.

Polar Capital sees H1 pretax profit fall

Long-only equity funds in general experienced large net redemptions over the period and we were not immune from such industry conditions.

LME Steel Scrap wins industry award on first anniversary

Steel scrap open interest is also steadily building and stood at 49,130 tonnes at the end of November.

Poland agrees to buy back its second largest bank from UniCredit for $2.6 billion

UniCredit, Italy's only systematically important bank, hired French banker Jean Pierre Mustier as chief executive in July

Service Awards 2016: Company of the Year: Royal London

Both divisions occupy the top spot of their respective categories in 2016.

Catella: London is a winner in European logistics location ranking

The Market Tracker includes a European-based scoring model with 107 logistics regions compiled by Catella for the first time.

Schroders adds BAE and Google chiefs to board after pay revolt

Ian King and Avid Larizadeh Duggan will be named as non-executives at the asset management group, Sky News understands.

Billionaire Michael Hintze is cutting staff at his hedge fund

Hedge funds, hit by falling returns, have been cost cutting as investors withdraw cash.

London based Prime of Prime brokerage ISPrime continues to expand as TD and Credit Suisse executive Adam Walczak joins the company

After senior executive positions at TD and Credit Suisse, Adam Walczak joins ISPrime in London this week

Catella launches a new parking fund – Catella Parken Europa

Munich-based investment manager Catella Real Estate expands its investment portfolio with the asset class of parking by launching a new open-ended real estate special AIF, Catella Parken Europa. The fund has an equity target of EUR 200 million and will in

L&G sets aggressive profit growth target

While estimating the firm’s cash generation for this year at around £1.4bn.

Alliance Trust Savings halts new business

Alliance Trust Savings will continue to use Activebank for new business in the interim

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