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

GoldenTree Plans to Take ‘Significant Stake’ in Cerberus’s Bawag

Cerberus, the private-equity firm led by Stephen Feinberg, has said it “stands behind” the bank and will support “potential capital actions.”

Liontrust to launch offshore Special Situations fund

Liontrust Special Situations was the second best performing fund in the sector over this time period out of 217 funds.

Nickerson: How new EU rules could radically reshape UK asset management models

Level one of the AIFMD is already law but level two is still in draft form even though it has to be implemented into UK law by 22 July 2013.

Nomura Reaches Agreement on Sale of Annington

The acquisition is due to be completed by the end of 2012

AIMA and Deutsche Bank publish new Roadmap to Hedge Funds for institutional investors

The new Roadmap to Hedge Funds, published jointly by AIMA and Deutsche Bank, outlines how the volatile external environment has driven an ever greater need for active risk management.

Spain may give residence to foreign buyers of property

Foreigners buying a property worth more than 160,000 euros in Spain may get the right to reside in the EU country, a Spanish official said

Henderson Sells 24 U.K. Properties to Repay $265 Million CMBS

Mountgrange Investment Management LLP and Patron Capital Ltd. agreed to buy the fund’s 24 remaining buildings for 184 million pounds

Aberdeen plans big hedge fund expansion

Aberdeen Asset Management aims to more than double the size of its fund of hedge funds business to $10bn within a few years.

Old Mutual expands LatAm footprint

Old Mutual has announced that its Emerging Markets business will strengthen its distribution capability through the acquisition of a majority stake in AIVA Business Platforms.

HSBC in talks to sell $9.3bn China insurance stake

HSBC sale of Ping An stake could help bank record $6.5bn in pre-tax profits and boost its tier-one capital ratio to 13.6%

tax legislation slamming brakes on London property

In Greater London, sales in the £2m - £5m sector have decreased by a staggering 53% as the effects of the new tax legislation begin to bite

UK focussed funds continued to increase in popularity in October 2012 - RESEARCH

UK focused funds continued to increase in popularity for investors in October, according to the latest analysis from the UK’s largest execution-only retail broker.

Lyxor lists 14 funds on London Stock Exchange

Lyxor Asset Management has listed 14 of its largest and most liquid ETFs on the London Stock Exchange for the UK investor.

The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.18% in October

The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.18% for the month of October.

Sri Lanka based LSE to provide platform for Hong Kong

The project sets up a central gateway to replace the existing distributed gateway infrastructure in the cash market of the exchange.

London Stock Exchange sees profits flat for first half

Total income up 10 per cent at £423.7 million

ICICI Bank to launch execution-only platform

It will give investors access to around 1,500 funds across 90 fund managers

L&G closes in on Cofunds buyout after ‘third round’ talks

Source close to the talks says November 2011 is “still on the table” as it was “never rejected”.

Generali Deutschland net profit rises

The second-largest primary insurance group in the German market is thus continuing its successful development despite a persistently difficult market environment.

Standard Life Investments blasts Xstrata pay plan

"I do think that incentive package should be voted down. I think it is unnecessary..."

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