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

Qatar royal family said to be bidding for the Gherkin

The Frankfurt office block, The Squaire, has a price tag of €850 million

Carlyle see Q2 earnings double

You have to be careful about businesses that rely on the consumer in Italy or Spain

Investcorp reports fifth consecutive year of profits, with 25% increase in net income for Fiscal 2014

Our strong performance once again confirms the success of our model

Aberdeen Gets Asian Institutional Money For Infrastructure Fund

Aberdeen Asset Management has raised $168 million from Asian institutional investors for its fifth infrastructure fund, which will aim to invest in social and economic infrastructure projects supported by long-term government contracts.

Aviva Plans To Cut Millions From Tax Bill

The newspaper cited comments made by Stoddard at a recent investor day at which he said the insurer has been too focused on producing pretax operating profit.

Man Group Assets Under Management Up 7%

Adjusted pretax profit rose 10 percent to $148 million in the first half from a year earlier, the company said.

Tax haven buyers set off property alarm in England and Wales

At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found.

Sanlam Private Investments reveals mid-year review

Unicorn UK Income is producing “solid” returns despite the death of lead manager John McClure, according to the Sanlam Private Investments Income Study mid-year review.

Australian insurer QBE expands UK presence with new offices in Leeds

Sydney-based insurance company QBE has expanded into the Leeds market, letting office space at McAleer & Rushe’s Central Park development.

Edmond de Rothschild launches Euro IG corporates fund

The fund is a new approach developed from combining three existing bond funds into one new vehicle: the EdR Prifund Bond, EdR Prifund Euro Corporates Bond and the EdR Prifund Bond Eurofunds.

Lyxor launches its first AIFMD multi-manager funds

With this new status, Lyxor is now authorised to offer professional investors in Europe a complete offering of alternative investment solutions and is one of the few asset managers with flagship strategies open for investment under AIFMD.

Multi-asset managers hike cash as fears gain momentum

Multi-asset investors have been upping their cash allocations as fears of a market correction escalate and safe-haven opportunities in other asset classes dry up.

Revenues top £5m at ex-Rubicon pair's hedge fund

Canosa Capital, the Brummer-backed hedge fund launched by two former Rubicon managers, has enjoyed a healthy start, generating over £5 million in revenues since launching a global macro fund last year and seeing assets under management top $1 billio

Lloyds Said to Suspend Two U.K. Traders After Libor Fine

The U.K. bank, rescued by taxpayers during the financial crisis, will pay 105 million pounds

Toscafund joins UK hedge funds in setting up US office

Other hedge funds that have recently opened up US offices include the multi-strategy manager Cheyne Capital, the computer-driven Winton and Odey Asset Management, one of London’s oldest hedge funds.

Irish Firm Launches US Hedge Fund AIFM Services

AIFMD is an EU directive that came into force on 22 July 2013. It regulates EU and non-EU fund managers that market alternative investment funds to investors domiciled, or with a registered office in the EU.

BlueBay converts specialist joins UK boutique

The former Citywire A-rated manager stepped down from BlueBay in March and formally joined the London-based company in June.

Here Are The 7 Current Investing Ideas Credit Suisse Is Giving To Private Clients

Credit Suisse has crunched a mid-year update on its top investment ideas for 2014.

Erste Group aims to turn page after record 2014 loss

Austria's Erste Group Bank said on Thursday that it has sought to clean up all its balance sheet problems this year but cannot exclude further political obstacles in its central and eastern European markets.

Invesco banks £3.7 million on switch to single fund fee

The profit, revealed in three-month figures for US parent Invesco, followed the UK division’s simplification of its charging structure, adopting a single Fund Management Fee.

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