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

BNP Paribas Asset Management Adopts Euronext CAC 40 ESG Index

The change means that BNPP AM now manages the first French market index fund to track this index.

Baillie Gifford cuts fee on top performing US Growth trust

The US Growth trust has become the latest portfolio in the Baillie Gifford stable to receive a fee cut following a year of outstanding performance.

Pictet Alternative Advisors Keeps Capital Flowing for BTR Developments

Pictet Alternative Advisors is providing capital for I am Home to develop residential units to be built in growing cities across Sweden.

EIB strengthens global development focus and backs €4.8 billion new financing for energy, transport, COVID vaccines and business investment

As a result, the EU Bank will be able to make a stronger contribution to boosting Europe’s strategic autonomy, by placing more experts on the ground, and be a more effective partner for other multilateral and national development banks.

Arcano Partners adds to private equity team in Europe

As a result of her time at Coller Capital, Matilde has a wealth of experience in the secondary market, both in limited partner interests (LP stakes) and manager-led (GP-led) transactions.

Manulife Investment Management brings additional funds with focus on Asia-Pacific investment strategies to European investors

The announcement reflects an increased demand from investors for Asia – Pacific investment strategies and Manulife Investment Management's goal to expand into the European market through its Manulife Global Fund offering.

Fund managers retain only 41 per cent of the total cost paid by retail investors, EFAMA finds

The report only covers funds whose distribution and advice costs are bundled in the fee paid by retail investors to fund managers before being retroceded to the fund distributors.

Industry veteran Alan Steel dies after Covid-19 illness

Industry veteran Alan Steel, chairman of Alan Steel Asset Management, has died after losing his battle with Covid-19.

Trust services provider buys Isle of Man pension firm

‘Expansion into the sector was a key target area’

Private client investment firm provides £5m funding into HP Access Fund II

This strategy means that partially de-risked equity stakes in fast-growing, established private technology companies can often be acquired at a discount to the current valuation

EMV Capital co-leads GBP12m investment round in Cambridge-based Martlet Capital with Saranac Partners

The firm leverages its existing links, networks, and reputation in the Cambridge technology cluster, as well as a focused approach on executed early-stage investments.

Standard Life to offer equity release

Standard Life's parent Phoenix has been funding lifetime mortgage products through Key and LV since 2016.

It’ll take a miracle

The search for retirement security in an insecure world

Tatton buys Fintel's Verbatim funds for £5.8m

The group said it will update the market in due course.

Allianz raises €500m so far for first global private debt fund

The Global Diversified Private Debt fund has a target of €1.5bn in total.

European alternatives set fundraising record year

The research has also shown that the value of private capital transactions closed in H1 2021 already at 83% of 2020’s full-year total

Banca Generali writes down pandemic-hit healthcare bonds

Decision unrelated to small amount of Mafia-linked invoices, says bank

Integrated Finance raises £2m

The Integrated Finance platform offers infrastructure APIs that help developers at fintech startups and big banks alike build embedded financial services quickly.

Sanlam pension business sold to consolidator for £39m

The price represents a discount of 19 per cent on the estimated value of the business of £48m.

The Money Group secures AR licence for broker network

In the next 12 months, TMG anticipates a doubling of its around 100 broker headcount, helped by about 25 AR businesses it plans to take on.

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