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

Jupiter's AUM drops £2.3bn as investors pull out of bonds

Many asset allocators have been wary of the case for investing in fixed income assets due to concerns over rising interest rates.

Alliance Trust in talks over platform sale

While the number of customer accounts has dropped by around 3,000, total assets under administration rose 2.5 per cent to £16.2bn.

AXA IM Real Assets acquires prime high-street retail asset in Bologna, Italy

The asset benefits from excellent visibility being centrally located in the heart of Bologna’s historical centre on Via Rizzoli, one of the city’s prime shopping streets, and opposite the Piazza Maggiore.

Kempen to exclude tobacco investments from its funds by end-2018

The company, which runs a number of institutional funds across equities, debt and alternatives, said the exclusion would not apply to investment mandates run on behalf of individual clients, bespoke portfolios or multi-manager funds.

More new listings and members at TISE

This takes the total number of listed securities on the Exchange up to 2,642 at the end of June 2018.

Credit Agricole buys 5 percent of Creval in insurance deal and could go higher

The accord will allow Credit Agricole Assurances to sell mainly savings and investment products through Creval’s branch network for up to 15 years.

China’s Fosun Weighs Acquisition of Belgian Insurer

Fosun has continued to expand its international business empire amid a Chinese crackdown on overseas deals in certain industries that’s forced other conglomerates like Anbang Insurance Group Co. to shed assets.

UK seeks bids for management of £400m EV charging fund

The successful fund manager will be appointed to raise and manage the investment fund on behalf of the Treasury

‘Creative Destruction’ takes Guernsey insurance back to its roots

Guernsey Finance Chief Executive Dominic Wheatley said: “In another year where international tax reform and Brexit threaten to disrupt the status quo, we called on Joseph Schumpeter’s science to put today’s events in context.

Odysseus Alternative Ventures sells stake in Moola

Moola has been an enthusiastic pioneer in the application of AI and machine learning to low cost investing.

Investment Firm Part-Owned by Pro-Brexit Rees-Mogg Launches Fund ... in Ireland

It follows the launch in June of another Irish-domiciled fund, which generated embarrassing headlines for Rees-Mogg

Trade war threat sparks €38bn European fund exodus

June sees fastest monthly outflows for 5 years as Trump rhetoric spooks investors

Advisers could earn £1,755 ‘introducer fees’ with Just Group service

The business said advisers had earn typical fees of £390 for retirement income referrals, £1,610 for equity release referrals and £1,755 for care funding referrals.

Funds and insurance collide in the development of single ILS structures

A panel debate at ILS Insight also heard about increasing investors demands for transparency.

City broker drops 12% after warning of revenues drop

The warning comes after the company posted triple-digit profit growth in its 2017 results, on revenues up 36 per cent to £59.5m.

RWC unveils UK equity income fund for Purves and Lance

High conviction, value strategy

Transact funds hit £32bn as outflows pick up

Transact’s total funds hit £32bn over its third quarter reporting period despite seeing higher outflows.

Sabadell agrees €3.9bn sale of property portfolio to Cerberus

It comes after a similar €7bn deal was agreed by rival CaixaBank to sell the majority of its troubled real estate portfolio to US private equity group Lone Star in June.

Sesame Bankhall Group reports 22% rise in protection business

H1 figures total £35.8 million

Private equity firm Cabot Square exits small business funder LDF in £150m deal

Its new owner White Oak Global Advisors struck a deal this week to provide £90m in debt funding to British Steel to help bankroll its turnaround plans.

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