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

IFA deals becoming more about profitability than income

Isaacs said this change has been largely driven by private equity investors, which will buy consolidators at a multiple of EBITDA.

4th credit union collapses this year owing £1.3m

The City of Plymouth Credit Union Limited in Devon, which had 2,348 members, was declared in default by the FSCS in April owing £1.2m in total.

FRP acquires Bridgeshield Asset Management

The latest example of this sees FRP acquire Bridgeshield Asset Management, in a deal which concludes for an undisclosed fee.

Golding study explains excess private equity returns

The study carried out in association with Professor Oliver Gottschalg from HEC School of Management Paris shows that the excess return from private equity is persistent over the period 2000-2021.

Fore Partnership Secures Investment from KKR for Sustainable London Development TBC.London

KKR’s Real Estate platform shares FORE’s commitment to sustainability, with ESG criteria embedded into its investment process and a dedicated, bespoke strategy of environmental and sustainability improvements for each investment.

RBS International delivers asset-backed facility to SME investment fund

RBS International has provided a £33.3m hold to allow support for UK SMEs

The Investment Association: Investors withdraw £7bn from funds over three months

£3.4bn outflows in March

Ex-Jupiter board member slams management in scathing open letter

Among his concerns are consistent net outflows — averaging £4bn a year over the past four years — waning performance, and a significant fall in its operating margin over the past five years.

Jupiter has ‘lost its way’ and risks takeover, says former board director

Jon Little, who holds millions of pounds of shares in asset manager, calls for strategy shake-up

Arma Partners appoints six new partners and managing directors

During his career, he has advised private equity and corporate clients, including Nikon, Colt Group, Fairfax Media, FPE Capital, Foresight Group and Bowmark Capital.

Pat Sanderson and Leanne Barnham join Ninety One’s UK Client Group

Ninety One has announced the appointment of Pat Sanderson as Head of Business Development, UK and Leanne Barnham as Head of UK Marketing to the 30 strong UK Client Group.

Hargreaves Lansdown preps for fund launches with series of hires

19 funds planned

Schroders Capital appointed by Nest to manage private equity defined contribution allocation

The Schroders Capital team has created a bespoke fund for Nest, making it one of the first UK defined contribution schemes to invest directly into private equity.

U.S. Bank Fueling Competition in Europe

The bank has 20 offices worldwide, nine of which are now in Western Europe, the statement said.

IQ-EQ gets regulatory green light for Irish acquisition

The newly combined business will offer fund management and portfolio management services, fund administration and corporate administration services from its offices in Dublin

IQ-EQ wins ‘Fund Administrator of the Year’ in 2022 Private Equity Awards

Winners were revealed at the prestigious awards ceremony in London on 28 April 2022, where IQ-EQ senior leaders were in attendance.

Valiantys + Keensight Capital

Valiantys has built an exceptional relationship with Atlassian, a leading provider of team collaboration and productivity software, and boasts a strong track record of organic growth with €98M revenues in 2021, up 73% year-over-year.

Govt rejects call for automatic Pension Wise appointments

It also allows schemes to offer to book members an appointment at the earliest point possible, before they have made a final decision about access.

London leads the world as the top destination for foreign investment in financial and professional services

While the UK was affected by the pandemic it saw a steady recovery in 2021.

Yougov survey: Majority of Germans want to achieve a positive impact on the environment and society with their investments

Education for all is given as an important goal by 31 percent and 23 percent focus on sustainable cities and communities.

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