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

London and Singapore launch stock exchange cooperation

The Singapore Exchange said that the agreement would allow its members to trade FTSE100 securities on its GlobalQuote Board by the first half of 2013.

Commodity Market Higher In June, Relieved by Progress in Eurozone

The Dow Jones-UBS Commodity Index Total Return was up by 5.49% in June. Overall, 14 out of 20 index constituents increased in value. Agriculture was the best performing sector, up 13.87% for the month. Concerns over crop stress and yield loss due to the h

Friends Life launches £6bn asset management business

The launch, which has come ahead of schedule, will enable the group to leverage its existing investment capability, investment strategy and asset liability management while supporting the growth of core product areas, such as annuities.

BBH Launches 5 European Vanguard ETFs with Web Servicing Platform

The ETFs, listed on the London Stock Exchange, will be backed by a newly-developed Authorized Participant Exchange.

Hedge fund withdrawals jump to highest since '09: data

The withdrawals compare with net inflows in each of the previous five months and were the highest level of net outflows since October 2009, when clients pulled out 3.76 percent.

Guess who's back? Duffield's latest firm launches fund range

Brompton is offering the IFDS Brompton Global Income fund, as well as the Brompton Global Growth and Brompton Diversified funds. Read more: http://www.investmentweek.co.uk/investment-week/news/2190169/guess-whos-duffields-firm-launches-fund-range#ixzz20B

Rise in wealthy French eyeing London move

Knight Frank, the property agent, said sales of prime property to French buyers had risen 40 per cent in the three months to the end of June 2012 compared with the same period in 2011.

Top 100 Firms Have Combined $3 Trillion AUM‎ - Research

Towers Watson survey shows total global alternative assets under management near $5 trillion

SocGen SS mandated by Titanium Finance

SGSS in Luxembourg provides services including trustee, central administration, pricing, paying agent, transfer agent and registrar services, and is a listing agent on the Luxembourg stock exchange.

HSBC sells Irish insurance business

HSBC Europe, wholly-owned by HSBC, has agreed a deal to offload HSBC Reinsurance and HSBC Insurance (Ireland) to Catalina Holdings.

Who Still Wants to be a Millionaire...

Since 1992, average property prices in London have increased on average by 9.1% p.a., or put another way, almost 5 times.

Hedge trade body publishes study in German as relations thaw‎

The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published a German-language educational paper about the social and economic value provided by the hedge fund industry.

Wells Fargo AM set for multiple fund launch in Europe

Wells Fargo AM rates itself the 11th-largest US mutual fund manager and the 28th-largest internationally, with more than $445bn in global assets under management and more than 35 portfolio management teams worldwide.

Ed Miliband wants banks to sell 1,000 branches to industry newcomers

Ed Miliband wants the UK's high street banks to sell 1,000 branches to industry newcomers, as he blasted former Barclays chief Bob Diamond's pay as "totally out of whack".

Euroclear UK & Ireland cuts fees for growing fund business

The new tariff reflects economies of scale and provides greater savings for customers that route more orders through EUI using the EMX Message System.

Last chance saloon for funds of hedge funds

The report, published yesterday, said that the recent wave of consolidation in the European fund of hedge funds industry leaves just a handful of candidates for large-scale acquisitions.

London Stock Exchange Buys Stake in Delhi Stock Exchange

The Delhi Stock Exchange has been valued at more than 1 billion rupees ($18 million), the report said, without elaborating.

Euroclear’s global “Collateral Highway” to boost collateral flows

Euroclear is embarking on a mission to create the first fully open global market infrastructure to source and mobilise collateral across borders.

SocGen launches new electronic trading platform

This new offering allows SG CIB clients to access to a large pool of liquidity on contracts traded on the LMEselect.

ICBC to open its first office in Poland

Griffin House is an A class office building, located at Trzech Krzyży Square, one of the most prestigious areas in the heart of Warsaw.

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