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

Richard Buxton goes for first IPO since 2005

Buxton added SSP to his £1.4bn Old Mutual UK Alpha last week, initiating a 1 per cent position that gives him a “nice base” to grow further as the company progresses.

DAX serves as basis for European ETF in China

We are pleased to launch the Germany DAX 30 ETF & feeder fund

UniCredit receives at least 3 offers for UCCMB unit -sources

UniCredit has received at least three binding offers for debt collection unit UCCMB, which Italy's biggest bank by assets has put up for sale as it tackles its large stock of soured loans.

Privately owned multi-family office partners with Cresco Capital

The partnership also announced its first major property acquisition on Frankfurter Tor in Berlin, which it plans to redevelop into around 552 apartments, including ground floor and basement retail units.

Hedge Fund Standards Board granted membership of IOSCO

More than 120 securities regulators are full members of IOSCO and the HFSB will join 62 other affiliate members involved in the markets, including the London Stock Exchange, Deutsche Börse and the International Capital Market Association.

Green bonds market grows by 60% in a year

Climate bonds initiative could attract up £23bn in 2014, giving a major boost to low-carbon economy

L&G moves into direct lending

Legal & General, the UK insurer, said Thursday it will begin lending money directly to companies through a tie-up with private equity manager Pemberton Asset Management, as it continues to move into the traditional territory of banks.

Isle of Man gets second digital currency exchange

Its mission is to simplify digital currencies and to make them more accessible

Square Mile launches new fund rating service

Square Mile Investment Research has announced the launch of a new fund recommendation service.

Autilla’s new electronic trading platform for global precious metals goes live

The platform will enable wholesale participants of the London Bullion Market Association (LBMA) to conduct over-the-counter (OTC) broking of precious metals on an electronic trading platform, London-based Autilla said in a press release on Tuesday.

Croydon to withdraw pension investment in tobacco

The council also said an investment in tobacco was at odds with its responsibility for public health

Marble House Capital appoints BNY Mellon as custodian for range of German alternative investment funds

In terms of its global positioning and international expertise in the private equity asset class, BNY Mellon is the ideal partner for us

Old Mutual: The best UK smaller companies

He noted that the UK small- and mid-cap sectors have underperformed this year relative to larger companies. Nickols believes that there are two reasons for this.

Macedonia to issue seven-year benchmark euro-denominated bond

The Republic of Macedonia is to issue a seven-year benchmark-sized euro-denominated bond, according to a lead.

Overhaul of London Gold 'Fix' Expected Imminently

A similar process took place in the silver market in recent months and that yielded an electronic auction mechanism to replace a daily conference call with three banks.

Woodford unveils bearish portfolio with a nod to UK universities

Woodford believes these two sectors will be resilient in a weakening economic environment and have companies with strong balance sheets and attractive valuations.

Zurich plans to invest $2bn in green bonds as sector grows

Cecilia Reyes, chief investment officer of Zurich, which is one of the biggest players in the nascent market for green bonds, said the instruments were well-matched with the insurer’s investment strategy.

City of London profits fall almost 20%

It noted that it was reviewing its historic target of 1.5 times dividend cover, ‘and has in recent years applied it flexibly’.

Charlemagne Capital AuM up

However, the company said more growth in assets under management is required.

SQN Asset Management launches Guernsey-domiciled fund

SQN Asset Management have launched a Guernsey registered fund which will target assets in agriculture, energy, environmental, manufacturing, material handling, medical, modular accommodation, technology and transportation sectors.

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