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

Legal & General Property buys £550m RBS portfolio from Telereal Trillium

Among its 55 buildings are the Coutts HQ on the Strand and a Grade II-listed, five-storey office in Mayfair occupied by NatWest

Bonus rules uncertainty reported as UCITS V draft unveiled

A requirement that managers of UCITS funds take at least 50% of their bonuses in the funds they oversee has created uncertainty in Europe’s asset management industry, though some say the matter has been overblown.

Aviva Hit With $221 Million Cost From Improper Hedge Fund Trades

The insurer, which today reported full-year results, said it found evidence last year of “improper allocation of trades” in fixed income by Aviva Investors from 2006 to 2012.

GSAM funds enter UK IMA sectors

Goldman Sachs Asset Management has announced that 47 of its Luxembourg domiciled Sicav Ucits are now within UK Investment Management Association sectors.

L&G profits boosted by LGIM and Cofunds inflows

Legal & General has posted a 10 per cent increase in pre-tax profit for 2013 from £1.03bn to £1.13bn, driven by £17bn net inflows across its investment arm and the Cofunds platform.

TA Associates sells stake in Jupiter Fund Management

The deal closes a chapter in Jupiter's history, with the exit of a shareholder that first bought in during 2007 to back a management buyout from former owner Commerzbank.

Scottish Mortgage trust cuts AMC after hitting £3bn AUM

The chairman of the Ballie Gifford-managed trust, said the decision to reduce the AMC to 0.3 per cent from 0.32 per cent from 1 April 2014 should improve long term returns for investors.

What does Woodford’s new venture mean for UK fund management?

As Neil Woodford’s new venture readies an income fund launch for May, industry insiders anticipate that the star manager could attract billions of pounds within months as rival managers lose out.

Invesco launches mixed asset fund for ex-GARS trio

Development of the Luxembourg-domiciled fund is designed to capitalise on increased interest for risk parity funds among clients, Invesco said.

Direct investors pay more for funds

Millions of savers who have put money directly into investment funds as opposed to through a broker are being denied price cuts given to other investors.

Soros, Paulson in Spanish property REITs investments

It will operate as a real estate investment trust, or REIT - listed vehicles that typically invest in income-producing assets, such as rental properties.

Platforms: In Europe the big banks rule, OK

Could the traditionally open UK fund market be heading towards European-style concentration?

Malta platform launch for niche alternative fund managers

“As an EU and Eurozone member, Malta offers a regulatory framework that is fully harmonised with EU and OECD rules, yet a sophisticated and flexible domicile for the financial services industry,” he said.

One of Europe's biggest hedge-fund companies plans to hire up to 100

He said in an interview that the investment firm, which has yet to report its 2013 results, had £154 million in net income last year, with revenue of £324 million.

2014 Alternative Investment Outlook - Championing Growth

Deloitte's Center for Financial Services recently published its 2014 outlook for alternative investment managers.

The World's Hedge Fund Billionaires

There are now 46 billionaires in the world who have derived most of their wealth from managing hedge funds.

Fund giants back action on charges as Invesco becomes first to scrap AMC

The FMF represents a fund’s ongoing charge. Now, a number of other major fund groups have said they are preparing to make similar changes.

Governance & Stewardship Under Review at Standard Life Investments

In 2013, there was increased focus on how asset owners and asset managers fulfilled their investor stewardship responsibilities.

Ireland Reports Surge In AIFMD Activity

About €1.5 trillion in alternative assets are administered in Ireland

Spate of unusual hires on the buy-side

All of a sudden, hedge funds and asset management firms have a few new job titles that need filling. And they’re not your normal trader or research analyst positions.

Alternative Investments