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

Baillie Gifford to make redundancies and bond fund culls

The Edinburgh fund house is set to make layoffs and is axeing several bond funds due to dwindling assets.

M&G launches £20mn AI strategy

The M&G Global Growth AI Themes fund is an actively managed equity strategy which focuses on companies working on technology needed for AI

This is how 3a pension funds performed in 2023

moneyland.ch has recorded the performance of 86 Swiss pension funds for 2023.

Progeny embarks on project to design next-gen advice journeys

This will ensure that we have a future-fit advice journey with our clients at its heart, allowing our team to deliver a great service.

Management team completes buyout of Scottish pension firm

The deal, backed by Santander, means the Glasgow-based business can remain independent

Custodian Property on brink of £237m merger with Abrdn Property

Both groups have recommended an all-share merger

AXA takes a 20 percent stake in newhome

AXA sees the investment as an opportunity to position itself even more strongly in the housing sector.

Peel Hunt: Whitmore exit could spark £5bn Jupiter outflow

Ben Whitmore currently runs about £10bn of assets, nearly 20% of Jupiter’s AUM.

Calculus launches next EIS offering with tech and healthcare focus

Fund aims to return £2 tax free for every £1 that is invested

Former Credit Suisse Manager Must Scale Back Hedge Fund

Reports back then said that this would be the biggest launch of a hedge fund in financial history.

AJ Bell customer numbers continue to surge

Meanwhile, AJ Bell Investments has surpassed £5bn in assets under management (AUM), reaching the milestone at the end of 2023 – seven years on from its launch.

Growth ‘top priority’ as nearly half of advisers increased client banks last year

However, 25% responded that they were unsure at the time of the survey and would need a better feel of the new year before having a clear view.

Aubrey Capital Management to partner with LarrainVial

It is very important for us to participate in the ownership of Aubrey

France hires banks for new green bond sale - lead managers

France hired BNP Paribas, BofA, Credit Agricole, JPMorgan and Societe Generale for the sale, the memos said.

Demand for UK labour hits lowest level in a decade

BDO Employment index

Jonathan Ruffer notes 'down year' despite AUM and profits jump

In his letter to investors, founder Jonathan Ruffer described 2023 as a "down year".

Q4 Square Mile MI Report: Advisers Split between Capital Accumulation and Income

It provides an indication of sentiment among fund selectors towards investment outcomes, funds and fund groups and asset classes.

Startup bank backed by Lord Mandelson raises £25m from investors

It won approval from the Prudential Regulatory Authority and Financial Conduct Authority last February.

Octopus Energy invests £200m in Deep Green's sustainable tech

This investment from Octopus Energy's Transition Fund and the Sky (ORI SCSp) fund highlights a strategic move towards sustainable energy solutions.

Morning markets - Potential BoE pivot signalled, as spot Bitcoin ETFs finally approved in US

This decision from the SEC could bring about fresh volatility in the price of Bitcoin whilst the significant number of risks associated with wider cryptocurrencies remain unresolved.

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