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

Curtis Banks buys rival Suffolk Life in £45m deal

Consolidation in the SIPP market continues

Hawksmoor splits off fund management arm

Separating team from private client side

KPMG wants to sell Romanian insurer Astra’s business as a whole

This includes about one million insurance policies that are still valid together with the employees, the company’s headquarters, and internal procedures.

Fidelity Real Estate buys two retail warehouses from Aviva

The Fidelity UK Real Estate Fund has completed the purchase of two retail warehouses in the UK from Aviva Investors making a total of 10 acquisitions for the Fund in 2015.

Not even Nevsky knows how bad things will get - or for how long

The decision by Nevsky Capital, a London-based hedge fund, to close down shows that the global economy is simply a mystery at the moment

Italian Fund Clessidra CEO Claudio Sposito Dies at Age 60

Sposito was a former managing director for Morgan Stanley in Italy in the 1990s and also served as a CEO for Silvio Berlusconi’s investment company Fininvest SpA in Milan.

Barclays announces UKTI partnership

The two organisations have agreed key priorities and targets across UK trade and investment which they will work together to deliver in seven focus areas.

LaSalle Investment buys first properties for UK PRS fund

The investment manager last month said it raised £120m for its first UK private-rented sector property fund.

Swiss investment firm adds all-cap UK equity strategy fund

The fund is managed by John Leahy, who recently joined EFGAM and its London-based pan-European equity team.

France's BNP Paribas to overhaul equities trading in Asia

This decision was made to ensure BNP Paribas clients benefit from a cash equities offering that is executed on a scalable best-in-class trading system, without having to invest internally in the infrastructure to build it

Former M&G income manager returns with own firm and fund

Former M&G Dividend manager Alex Odd returns to fund management, while River and Mercantile makes changes to UK Equity Unconstrained fund.

CACEIS becomes depositary for Savills real estate portfolio in Germany

CACEIS is the largest third-party depositary for real estate and property funds in Germany

Record growth for exchange traded funds despite regulatory fears

The fear is that the structure of ETFs and index funds could worsen market shocks when they happen.

The unlamented decline of the hedge-fund manager

For most young financiers, hedge funds was the sector to work in – the founders made tens of millions, while the staff were invariably paid far more than they would be elsewhere.

Societe Generale announces the new SG CTA Mutual Fund Index

Societe Generale Prime Services has announced the creation of the new SG CTA Mutual Fund Index, a performance benchmark for 1940 Act U.S. registered mutual funds that pursue managed futures strategies.

AXA IM to launch UK multi-cap fund for Thomas and St John

AXA Investment Managers is launching an unconstrained multi-cap UK equities fund for Chris St John alongside industry veteran Nigel Thomas.

BlackRock expands ESG product range with fixed income ETF

The index also omits debt from companies who are involved with controversial weapons, such as cluster bombs, land mines and chemical and biological weapons.

Cantillon: Clydesdale is eyeing listing in early February

Parent group National Australia Bank hoping to offload UK subsidiary

‘ICBC Standard Bank buys bullion vault’

These banks are shareholders of the London Precious Metals Clearing (LPMCL) company.

Old Mutual's Gillham moves to offset China fears

The funds’ maximum underweight position would be a third

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