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

AXA to sell Hungary's banking unit to OTP Bank

The transaction is expected to be completed in the second half of the year and still requires approval from regulators and antitrust authorities.

Troubled Indian group nears sale of top London hotel to Qatar

The Business Standard newspaper reported that the deal for the Grosvenor House Hotel in Mayfair could raise as much as $337 million.

New UK fund vehicle will give Cayman, Ireland and Luxembourg a run for their money

ACS, the as yet little noticed onshore vehicle created by the UK government and tax authorities, might be about to rewrite that logic.

Isle of Man begins selling 2016 Angel gold bullion coins

Pobjoy Mint’s annual bullion coin depicts St. Michael, dragon

Legg Mason launches two fixed income funds

The two funds are aiming to achieve flexible bond returns to alleviate investors’ concerns over future bond market volatility caused by the Fed rate rise in December 2015.

How OMGI Generation funds are making use of their new investment approach

Anthony Gillham shows how the specialist at-retirement funds are achieving the necessary balance between group and downside protection.

OMGI's Tonkinson: 2016 is the year to turn our 'ambitious plans' into reality

Developments for Asia market

Avaloq’s BPO centre live in Asia

Avaloq Sourcing Asia Pacific Ltd., a wholly-owned subsidiary of the Avaloq group, is a fully functioning BPO centre in the heart of Singapore.

Old Mutual Wealth eyes expat expansion with advice acquisition

Old Mutual Wealth has bought the firm for an undisclosed fee as part of its strategy to build an advice arm.

Collapsed bond trader ditched by French bank

Invexstar was a clearing and custody client of Société Générale’s Madrid-based securities business.

Tilney Bestinvest announces the launch of new British Enhanced Income fund

It will have a fixed price offer period of 100p per share from 1 February to 12 February.

Middle East investors lured by European hotel trophy assets

Their recent transactions include Claridge’s, The Connaught and The Berkeley in London’s Knightsbridge, and The InterContinental Paris Le Grand.

British Government to Delay Retail Sale of Lloyds Stake

George Osborne, the chancellor of the Exchequer, confirmed on Twitter that plans to sell a £2 billion stake in Lloyds would be delayed until “turbulent markets have calmed down.”

Insurers allocate more to hedge funds

But of all the institutional investor groups, they allocate the smallest proportion of their portfolios to hedge funds.

France and Iran agree 15 billion euros worth of business deals

French officials said Iran was putting the finishing touches to the Airbus deal

Amundi launches pan European multi smart beta ETF

An “equal risk contribution” weighting of the four factor portfolios is then applied

HSF and Ogier advise LCR on sale of interests in the King's Cross Central Partnership

Its current occupiers include the University of Arts London, the Aga Khan Development Network, Google, Camden Council, Waitrose and Jamie Oliver.

Victorian property has been put on the market for a staggering £22.5 million - despite being a complete wreck.

The dilapidated mansion has been derelict for more than a decade and does not even have planning permission to be redeveloped.

In uncertain times, Germany takes more gold home

Holding gold reserves abroad is a legacy of the Bretton Woods system of currency management established after World War Two.

Euronext Amsterdam welcomes 52 UBS Asset Management ETFs

UBS Asset Management listed 52 new ETFs on Euronext Amsterdam, which brings the total to 207.

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