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

Kipco units buy stake Malta’s bank

Kipco didn’t disclose the value of the deal or the name of the seller in a statement posted on the Kuwait bourse website.

Frostrow Capital to become an AIFM

This will considerably broaden its service offering to the Investment Company sector and enhance the corporate management and marketing services that it provides to its clients.

Axa adds 850 clean share classes to Elevate platform

This latest addition takes the total number of clean share classes available to 2,500, following Axa's decision to add 1,000 in March.

Standard Life Investments launches second GEM fund

The new fund will complement the EMD OEIC fund launched by Standard Life Investments in October last year.

EU clears ICE, NYSE Euronext stock market tie-up

This was not the case in the NYSE Euronext-ICE deal, especially in commodities

China, Britain signs agreement on currency swap

Mervyn King, governor of Bank of England (BoE) and Zhou Xiaochuan, governor of People's Bank of China (PBoC), have signed an agreement to establish a reciprocal 3-year sterling/renminbi (RMB, or Chinese yuan) currency swap line

Bahrain bank gets extra time on Leeds Utd takeover

GFH Capital has been granted an extension to the exclusivity period relating to their proposed takeover over of Leeds United

AXA Elevate parent posts £30m pre-tax loss

An AXA Wealth spokeswoman said it was expected that AXA Portfolio Services would break even over the next two years.

Savoy billionaire could build mile-high skyscraper in London

TheSaudi billionaire owner of the Savoy Hotel has named London as a possible location to build an “ultimate” mile-high tower.

European hedge funds struggle to break into U.S. market

Some large European firms have already fallen under this requirement due to their having at least one U.S. client either directly or through a fund of funds

Former Charlton Athletic player is minority investor in Enterprise

The firm was established in 2002 as a master broker of secured loans, bridging and commercial finance

Bahrain bank inks deal for luxury Mayfair apartments

Close to Berkeley Square and Grosvenor Square, Mayfair Chambers is situated in the Mayfair Conservation Area, bounded to the west and south by Hyde Park, St James' Park and Green Park.

Harrington Cooper strikes deal with boutique formed by ex-Soros duo

Indus, which specialises in Asia Pacific and emerging market equities, manages around $4.9 billion through a combination of long only and long/short strategies.

Aviva introduces on-going adviser charging on investment bonds

Aviva has introduced the option to add an on-going adviser charge to its new and existing investment bond contracts, providing advisers with the functionality to easily reflect on-going advice they provide to their bond customers.

Woodford awarded CBE in Queen's Birthday Honours List

“We think it is our responsibility to give our advice and halfpenny worth on how they should allocate capital.

SS&C GlobeOp Hedge Fund Performance Index May 2013 and Capital Movement Index

Net inflows increased for the month of June, with subscriptions outpacing redemptions 2 to 1,"

Deutsche Bank’s Property Funds Testing Waters in Southern Europe

German pension funds and insurers that invest with Europe’s second-largest bank have begun to show a willingness to target assets in southern European countries hurt by the sovereign debt crisis

SocGen in talks to buy out Newedge venture-sources

SocGen and Credit Agricole have yet to reach agreement on a price

Amundi strengthens its third party distribution business

With approximately €750bn of assets under management1, Amundi is a partner of choice for retail investor investment solutions.

Women under represented in fund management

Only 5 per cent of retail funds are managed or co-managed by female fund managers

Alternative Investments