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

Korean lenders expand presence in Central Europe

Hana Bank opened an office in Budapest, Hungary’s capital, March 21 (local time).

Hedge funds cut exposure to bank stocks in April, data shows

Hedge funds reduced exposure to financial stocks including banks and trading companies by 1%, or $1.3 billion, after an increase of 5.5% in March, the data showed.

Abrdn Property Income to be wound down after shareholders reject merger

The 61 per cent of shareholders in favour fell short of the 75 per cent majority needed.

DB transfers fall to lowest level in more than 6 years

According to the XPS scam flag index this represents an increase of 3 per cent compared to January 2024, but remains below the yearly index.

abrdn Property Income to enter managed wind-down after Custodian merger vote fails

Custodian Property Income REIT

Consumer Duty Alliance launches initiative to attract new talent

The solution to attract new talent ultimately sits within the gift of the whole sector

Alternative investment fund manager hosting

In some cases, the AIFM may be a principal firm and the person seconded to the AIFM may come from one of its appointed representatives.

Commerz Real acquires new Klimavest wind farm in Finland

Finland offers excellent conditions for wind energy and the legal framework for the construction and operation of subsidy-free wind farms is very good.

BlackRock launches its first active equity ETFs in Europe

The two equity income products combine ‘systematic’ processes and derivatives strategies with active decision-making, in a European first for the asset management giant.

The Vaudoise Insurance Group achieved very good results and continued its growth

The year 2023 is located in a geopolitically and economically difficult context, which was also influenced by inflation.

Standard Life among pension providers collaborating for dashboard

Four financial services firms have joined forces to figure out how to finally get the initiative over the line

The sterling bond funds that keep delivering the most bang for your buck

Two Schroders funds take the lead in the strategic and corporate bond sectors.

3i Group eyes £25bn market value after Action’s ‘strong start’

Shares in retailer-dominated private equity group jump 8.4%, extending their premium over net asset value, after an encouraging trading update and shareholder briefing.

Phoenix : 2023 Full Year Results

Phoenix’s vision is to be the UK’s leading retirement savings and income business

Tatton: money market funds have been a hit with advisers

More than six months on from this, the firm’s chief commercial officer chatted to FT Adviser about the popularity of the funds.

Aviva pays out record £1.18bn in individual protection claims

The claim figures are released ahead of the launch of Aviva’s Individual Protection Claims Report to intermediaries next month.

FTSE 100 eyes second weekly gain on BoE's dovish tilt

Most sectors rose, with telecommunications rising 2% and leading gains.

Commerzbank continues to expand its sustainable asset management services by acquiring minority stake in NIXDORF Kapital AG

The parties have agreed not to disclose the financial details of the investment.

Aviva converts private assets fund to LTAF in bid to court wealth firms

The insurer has changed the structure of a private markets fund so that it can use the new LTAF vehicle.

Advised platforms asset growth in Q4 2023 increased by £30bn

Quilter also bought in the most gross sales and is the only platform to have crossed the £2bn+ quarterly sales milestone since Q1 2022.

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