Managers of Wealth Europe

Barings to close North America fund

The vehicle has delivered a return of 13.4 per cent over the past five years compared with the Russell 1000 Growth index’s 52.9 per cent gain, according to Morningstar.

Carmignac to launch fund range for UK

The asset manager will target wealth managers, family offices, private banks, IFAs and institutional clients.

State Street launches two strategies on Deutsche Bank platform

State Street Global Advisors has today launched two currency strategies on Deutsche Bank's dbSelect liquid hedge fund platform.

Schroders to launch high income fund of funds

The Managed Monthly High Income fund will be available to investors from 21 May.

Multi-millionaire’s island retreat goes up in smoke

THIS is the dramatic moment a Brit multi-millionaire’s Robinson Crusoe-style island retreat went up in smoke.

JC Flowers-backed UK bank aims to double in size

The company was created in February 2011 after JC Flowers injected fresh capital into the mutually owned Kent Reliance Building Society, a casualty of the global credit crisis.

Henderson and Investire Immobiliare SGR team up for Italian partnership

The two businesses complement each other well. Henderson Property possesses a strong international asset management platform, including a dedicated SGR platform in Italy, with significant access to the international investor market.

Aviva sacks more than 1,300 workers by mistake

The latest board shake-up at Aviva is radical, but not as radical as sacking its entire workforce by email.

Cofunds announces £7.1m profit for 2011‎

Chief executive Martin Davis says: “Our sustained profitability enables us to make significant investment back into the business ensuring we can continue to deliver the services and support that our clients need in this pivotal year.”

Hedge fund assets swell to new high

Total investor capital allocated to hedge funds in the first quarter exceeded $16 billion, HFR said in a statement.

Man Group to launch computer-driven bond hedge fund

Hedge fund manager Man Group is developing a computer-driven government bond fund, aiming to attract investors put off by the ultra-low yields in many developed fixed income markets and worried about further debt defaults.

Matthews Asia's UCITS Funds Now Available on Allfunds Bank

Through this relationship Matthews' Asia Dividend, Pacific Tiger (Asia ex-Japan), China, India and China Small Companies Funds are now accessible to Allfunds Bank's large network of clients.

Barclays, Standard Chartered Back London Bid for Yuan Hub

Institutions in the U.K. capital currently have more than 109 billion yuan ($17 billion) of customer and interbank deposits in the Chinese currency and that is “growing strongly,” according to a policy paper by research firm Bourse Consult rel

Schroders launches offshore multi-asset income fund

Schroders has launched an offshore ISF Global Multi-Asset Income fund to be run by Aymeric Forest.

Jupiter assets climb

Net mutual fund flows were also healthy, Jupiter said, as it reported its interim results to investors.

The lure of diamonds

With an expected market capitalisation of between $3bn (£1.9bn) and $4bn, it could well end up in the FTSE 100 itself.

Central Bank said to buy Anglo Irish Tower

The bank will buy the building on North Wall Quay from the National Asset Management Agency, said the person, who asked not to be identified because the details are private. Anglo

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

SocGen Holders To Vote On Splitting CEO-Chairman Role

The motion should be presented at the bank's general assembly on May 22.

Societe Generale Securities Services wins new Global custody mandate

SGSS will provide fiscal services, notably processes relating to applying reduced rates of tax at source and tax exemptions, tax clawbacks, the management of fiscal documents, regulatory reporting for the tax authorities and tax reports for clients.

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