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

Gresham House plc business update

Continued positive growth

European Fund Administration to become a member of Universal Investment Group

Jointly, both companies want to significantly develop geographical regions like the Nordics, France and Benelux.

Italy's Banco BPM makes first move in new insurance strategy

Banco BPM had said it would bring insurance in house to drive fee income under a standalone strategy by CEO Giuseppe Castagna

Inflation shock and oil price jump unsettle UK stocks

Tesco and Ocado slide as UK equities unsettled by inflation hitting 7% and another surge in the oil price as Russian troops mass on the eastern border of Ukraine. Real estate trusts rally on positive updates.

How the war in Ukraine has changed this Swedish fund selector’s methods

Per Haldén, co-chief investment officer at Navigera, will spend more time on geopolitical risk assessments when selecting funds.

Happy birthday to £3,600 or more

Many of these came with attendant changes to the rules and regulations covering pensions taxation.

Fund managers turn most bearish in history on global growth

A record net of 71% of respondents said they expect the global economy to deteriorate over the next 12 months

Goldman pays €1.7b for Dutch-based asset manager

It will also help GSAM deepen its integration of environmental, social and governance values into its operations.

London Stock Exchange sees big fall in value of fundraising from flotations

Research from EY shows a slow start to exchanges globally.

Royal London expands 'underwrite later' option

The mutual has added this option to life cover on personal menu plans with a sum assured of over £1mn up to £3.5mn and whole of life plans over £500,000 and up to £3.5m.

Howden to acquire SPF Private Clients

SPF was formed in 2011 after a management buyout and rebrand of Savills Private Finance, the financial arm of Savills

More Than 200 Alternative Managers Opt for Private Placement Through Jersey to Support EU Capital Raising

Recent data from the Jersey Financial Services Commission (JFSC) for the period ending 31 December 2021 shows that there are now 374 alternative investment funds

Axa IM launches metaverse fund

Llandric said the industry is at the early stages of a long-term trend which is growing rapidly.

Cost of living worries despite rise in benefits and state pension

Prices are rising at their fastest rate for 30 years, with costs going up across a variety of sectors of the economy,

UK firms report fastest growth in labour market since pre-pandemic

BDO index rises for fifth consecutive month but inflation and Ukraine war could curtail jobs boom

Goldman Sachs adds scale to European business as NN IP acquisition completes

ESG criteria is integrated into approximately 90% of assets under supervision at NN IP and, at the time the deal was announced, NN IP had $355bn in assets under management.

FTSE dips as UK economic recovery stalls

London-listed blue chips start the week in the red as UK GDP figures reveal a February slowdown and China investment trusts fall after another report of high inflation in the country.

National accountant enters advice market with acquisition

“In addition, they want a highly personal, tailored wealth management service, responsive to specific individual needs with the highest levels of client service."

KKR-Mirastar Real Estate Platform Acquires UK Logistics Portfolio from TPG and Stoford

The four newly-built Grade A freehold assets, totaling 370,000 square feet, are located in Harlow, Greater London, and let to low-risk covenants.

UK house prices hit record high but cost of living crisis likely to cool market

Shortage of homes for sale and ‘race for space’ drove average cost to 282,753 in March, says Halifax

Alternative Investments