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

Film investment could lose tax breaks

Thousands of investors who have pumped billions of pounds into film finance schemes face an anxious wait to find out whether a recent court decision signals the end of lucrative tax breaks.

Sagicor shows improved numbers in Q1 ‎

SAL achieved net income of US $1.5 million during this quarter compared to a loss of US $32.9 million in the first quarter of 2011.

NYSE Euronext Rolls Out New Brand Identity

The new look was unveiled today across its exchanges and other locations around the world as well as online.

Warba Bank's $33 million UK property deal‎

The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.

Schroders’ Turner cautiously bullish after difficult 2011

Jane Turner, manager of Schroders’ multi-manager funds, is cautious about the near-term outlook for markets following a difficult 2011 and a rally in which she was held back by exposure to US high-yield debt and defensive shares.

AXA first-quarter sales flat, asset management weighs

Rock-bottom interest rates and uncertainty over the euro zone debt crisis have hurt flows into some life-insurance products and dragged AXA's shares down by 25 percent since March highs.

Deutsche Bank Ends Some Asset-Sale Talks With Guggenheim

Deutsche Bank will continue to evaluate the other three businesses, according to the statement.

Deutsche Bank Fends Off Surging Citigroup as Top Currency Trader

Citigroup leapfrogged Barclays Plc and UBS AG to become the second-biggest currency trader, Euromoney said in an e-mailed statement. Barclays slipped to third place and UBS to fourth, while HSBC Holdings Plc climbed into the top five.

Vulture funds eye longer timescale

But some bankers argue that the European Central Bank’s €1tn of emergency bank loans – dubbed long-term refinancing operations and initiated by its president Mario Draghi – have at least partially weakened their investment thesis.

Jupiter chases high income with Bezalel bond launch

The offshore fund, which is a sub-fund of the firm’s global sicav, has a ‘go anywhere’ strategy, allowing Bezalel to invest across the debt spectrum in any country and without being restricted by ratings.

Where Does the Real Value Lie for Fixed Income?

Whether the recent shift in Treasury yields reflects a short-term event or the beginning of a real reversal, Mr. Popp suggests that the time may be right for investors to evaluate how an eventual rise in interest rates may impact their portfolios.

GlobeOp launches monthly Hedge Fund Performance Index

GlobeOp Financial Services will launch an independent, asset-weighted hedge fund performance index on May 15, 2012.

Risk targeted funds avoid FSA concerns on ‘portfolio drift’

Risk targeted funds can help financial advisers avoid portfolio drift, one of the significant concerns highlighted in the FSA’s recent paper on assessing investment suitability, says Skandia Investment Group.

JPMorgan, RBS Join Forum To Advise On Developing Yuan Center In London

Forum aimed at helping develop offshore yuan center in London

Bucharest and London Stock Exchanges ink tie up

‘The new Economy Minister has already announced intentions to continue the privatization of the four state companies Transgaz, Romgaz, Hidroelectrica, Nuclearelectrica and of Tarom.

German property fund SEB ImmoInvest to be unwound

"The requests for repayment exceeded liquidity by a very significant margin," Barbara Knoflach, manager of the 6 billion euro ($7.9 billion) fund, told Reuters on Monday.

Pimco takes over from Jupiter on St James’s Place mandate

Asset manager Pimco has taken over management of the St. James’s Place Multi-Asset fund from Jupiter Asset Management.

Brokers face fresh costs after MF Global collapse

Fears are growing that the collapse of MF Global will leave financial institutions facing as much as £600m in fresh costs.

Denizbank sale ‘stalls in Dexia management vacuum’

Dexia’s planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank, sources said.

PwC in Germany, Netherlands to merge

The German and Dutch members of the PricewaterhouseCoopers network of consulting and auditing firms plan to merge to compete for auditing contracts with KPMG, Ernst & Young and Deloitte, the head of PwC Germany told WirtschaftsWoche magazine.

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