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

Bridgewater changes tack on bets against European companies

With European regulations only requiring funds to disclose bets over 0.5% short interest, Bridgewater’s shorts against European stocks could be bigger than reported.

Premia completes fourth big deal at Lloyd’s

Since its launch in 2017, Premia has acquired more than $3 billion in gross loss reserves across several transactions

Skerritts buys London IFA with PE backing

The firm’s private equity investor is Sovereign Capital Partners, a private equity buy and build specialist.

Swiss Life increases its fee result by 17% in the first half of 2022 and reports higher profit from operations and net profit

The Swiss Life Group achieved adjusted profit from operations of CHF 922 million in the first half of 2022, an increase of 6% from half-year 2021.

Norway's wealth fund loses record $174 bln in first half of 2022

All sectors saw lower returns, apart from energy

Number of savers opting out of pension jumps by 29%

The data comes from Penfold’s customer base, composed of 5,027 onboarded employees.

LGIM questions advisers on VFM

This survey will support us in collecting information to carry out VFM assessment.

Copia Capital expands investment team with two hires

He was responsible for running the firm’s model portfolios and funds with a core focus on UK equities, global equities, property, and real assets.

CISI Financial Planning Awards 2022: shortlist announced

The awards finalists will be announced in Liverpool 6th October at The CISI Financial Planning Conference 2022 black tie flagship gala in Liverpool’s iconic neoclassical Grade-I listed marvel St George’s Hall.

Golding holds first closing with global impact fund

The target fund has already invested in seven individual companies actively engaged in areas such as the energy transition, sustainability in agriculture and transport and the decarbonization of industrial production.

The changing state of UK alternative lending in 2022

Alternative lenders have shown the government how invaluable they are to SMEs, now they need to prove it to the regulator.

With Intelligence reports challenging first half of the year for hedge funds

Hedge funds have still fared better than US large-cap stocks, for example, and there is an opportunity to take advantage of the volatility and weak economic forecasts and outperform.

IWP buys Cambridgeshire-based IFA

IWP launched in 2019 as an advice consolidator, and since then has acquired over 30 IFAs across the UK.

Royal London highlights telephone service failure

The value rules — which have been in effect since the start of 2020 — require asset managers to look at their performance, costs, economies of scale, comparable market rates, services and share classes.

Cigrek Capital launches EU platform for fund managers with digital assets strategies

The service also includes an EU depositary. It addresses the need institutional investors have for a more regulated solution which ticks many of the boxes they require.

UK house prices drop for first time in 2022 but experts warn this is expected in summer

The average price of properties coming to the market has fallen by nearly £5,000 but the drop is a regular seasonal phenomenon that could mean prices bounce back or continue to fall due to the cost-of-living crisis

DWS boss Stefan Hoops hits back at ‘critical reporting’ on asset manager

Stefan Hoops has been active on social media since taking over as chief executive in June

Property wealth used to fund travel boom but more cautious spending looms

Equity release drawdown data from Legal & General Home Finance (LGHF) customers has demonstrated a ‘shift in spending’ over the first half of 2022.

Moody’s assesses Italian insurers after downgrading government outlook

The IFSRs of all three insurance groups remain above the sovereign rating, reflecting their ability to withstand severe stress on the sovereign.

Abrdn Financial Planning haemorrhaging senior staff

Other former Abrdn employees have also joined Mazars.

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