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

Pillarstone completes acquisition of Sirti - report

A new agreement was also reached with a further seven banks for a further tranche of Sirti's debts totalling EUR 37 million

Former Deloitte chief and private equity house plot challenger to big four accountancy firms

He is working on the project with private equity house HG Capital.

F&C's UK Property fund moves to mid-pricing amid positive flows

Other property funds remain suspended

Mediatrix Capital and Alternative Asset Management enter partnership to utilize AI-based algorithms on global currency trading

The overall objective is to deliver absolute returns within a carefully risk assessed and controlled environment.

Icelandic advisory firm GAMMA gains FCA authorisation

GAMMA said it had long sought to expand its business in the UK.

The Bank of England has a big problem

This is despite offering much higher than market rate, according to the Financial Times.

Morningstar Announces Shortlist for 2016 Morningstar Awards for Excellence in Investment

Morningstar will announce the winners of the Morningstar Awards for Excellence in Investment on 8th September 2016 at The Dorchester Hotel in London.

M&G suffers £7 billion outflow

Over the 12 months total assets under management have fallen from £256.5 billion to £255.4 billion.

Standard Life profit rises 18%, beats expectations

Standard Life Investments suspended trading in a GBP2.9 billion U.K. commercial real-estate fund after the number of investors asking to pull their money out rose in the aftermath of the country's vote to leave the European Union.

Legal & General reports huge swell in pre-tax profits

Adjusted operating profit increased 10% to £822m

Essex-based broker offers specialist insurance to SMEs

Lutine business director Andy Coles said the new deal enables the company to extend its niche and specialist proposition.

Saxo Bank's July trading volume jumps 60 percent

Trading volumes tend to be low in July and August as many investors stay away during holidays.

Russian sovereign wealth fund looks to invest in Turkey

State-run Russian Direct Investment Fund says it expects to sign joint investment deal during Erdogan's visit to Russia

Savills profit edges down

Estate agent hit by slowdown in commercial property transactions during EU referendum

LME introduces package of measures to strengthen metals trading

The LME will work with users to ensure that the programmes are optimally structured to support the whole LME market for the benefit of all stakeholders.

Luxembourg breaks records for new office space occupancy

By the end of the year, it is estimated the country will have over four million m2 of office space

Asset managers reveal gender split

Women often represent just 25 per cent of senior executives in the industry

UK commercial rents remained stable in July while property capital values declined

Fall in capital values was widely expected

Dealmaker Staveley eyes 2-bln-dollar opportunities in Greek bank loans

PCP Capital Partners, to invest up to $2 billion in non-performing loans in the sector

Cautious Cosh cuts cyclicals in European Assets as banks drag

These included Banca Generali and Swiss private bank EFG, which Cosh offloaded following the firm’s acquisition of BSI in February – a deal which the manager believes ‘compromised’ BSI’s business model.

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