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

R&M posts 14% rise in profits as assets reach £48bn

River & Mercantile Solutions was sold to Schroders for £230m last week.

A major step for Luxembourg’s space sector

In addition to private sector investments, the European Investment Fund committed €40 million with participation also from Luxembourg’s Ministry of the Economy and the National Credit and Investment Institution.

Progeny buys Yorkshire-based financial advice firm

This will ensure the advisers and their clients are supported in the same way as the existing Progeny team.

Why the Chancellor's Autumn Budget is "another damp squib" for small business owners

Now that the dust has settled on the Autumn Budget, MT analyses what it means for businesses.

More women on boards, but not in the roles with real power

A tick box exercise? The number of women on boards has risen to a record high, but they are not holding executive positions, says a new report on the FTSE 350.

Alan Dundon takes reins from Serge Krancenblum at trade group

It switched its name two years ago, “to reflect really what the organisation was about,” explained Dundon, global relationship leader at Alter Domus, a provider of fund administration and fund management services focussed on the alternatives s

Capital on Tap bags £450m to fund its lending in the UK

The alternative lender has lent more than $3.5bn to SMEs in the UK and the US since 2012.

UK property lender Octopus launches in Ireland

Non-bank lender hopes to lend as much as £300m a year into sector here

Auditor credits shift to home working for a boost in profits but wants more staff back in the office

Partners at PwC were handed an average of £868,000 each, while those at Deloitte received about £1m. KPMG has not yet published its latest numbers.

Aquiline Capital Partners to Acquire Majority Stake in UK Insurtech Ripe Thinking

Apex supports Absolute Investment Advisers

In this case, the Absolute Convertible Arbitrage Fund (ARBIX) was launched on August 14, 2017 with $25 million in legacy assets and a 15-year track record.

Hedge funds down 0.67% as higher inflationary pressure weighed on sentiment

Across strategies, distressed debt and event driven hedge funds outperformed their strategic peers with returns of 0.85% and 0.62% respectively throughout the month.

Bad bets trigger waves of tumult in short-term bond markets

Some investors have been caught off-guard by vicious moves, say analysts

Progeny readies for M&A as it sells to private equity firm

Progeny plans to continue investing in its technology, learning and development, as well as marketing

Abrdn trust rebrands due to 'aversion' to fund-of-funds

"This has resulted in an overly concentrated share register with limited free float, presently calculated at approximately 16 per cent."

Profile Software sponsors the 7th International Funds Summit, in Cyprus

William Blair Investment Management adds Absolute Return Currency Fund to SICAV range

The team adopts a top-down fundamental investment approach, focusing on expected changes in exchange rates and an assessment of currency valuations

Temasek launches $3.3b investment platform for firms eyeing global expansion

The platform will target deal sizes of between US$100 and US$200 million.

Alternative investment markets could cease to exist within five years

Half (50%) cited the administrative overheads as too great, while just over a quarter (27%) said the cost of going public isn’t worth it.

Private equity cash puts more expansion on agenda at AAB

Its 21 partners will continue to be shareholders even after the injection of capital from the London-based August Equity.

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