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

How Hermes found its wings

With global development head Harriet Steel on board, Hermes Investment Management has seen assets soar in its wholesale division following a vigorous revamp and recruitment campaign

Hedge funds pursue alternative lending

Sharp-suited hedge fund managers used to look down with disdain at the humdrum world of commercial banking.

ECB Hires Managers for ABS Purchases Due to Start Next Month

The European Central Bank picked four asset managers to aid purchases of asset-backed securities that it says will start next month.

BT Pension Scheme’s managers Hermes to restructure

Hermes Investment Management, the in-house fund managers running the giant BT Pension Scheme, has undergone a significant restructuring this week.

Regulatory approval for Blackstone’s acquisition of Lombard International Assurance

Blackstone is the world’s largest independent alternative asset manager with assets under management of $284 billion as at 30 September 2014.

Buyers home in on properties worth £1m as sales hit record

Lloyds Bank says the number of transactions involving houses valued at £1m or more across the UK has increased 46 per cent during the first half of 2014, compared to the same period last year.

Harrods pays Qatari owners £118m dividend after record year

Knightsbridge store nets sum for Qatari offshore company based in Bermuda after profits increase 13% to £122.9m

Premier rebrands multi-asset range

Premier Asset Management is growing rapidly

UK Pensions Slow Risk-Reduction as Funding Levels Improve

Defined benefit corporate pension funds in the UK have taken their foot off the risk-reduction pedal in 2014, as funding levels have improved and the country’s economy has strengthened its recovery.

Quant Hedge Fund Archipel Shuts After Top Investor Pulls Out

Archipel Asset Management AB, a Swedish hedge-fund firm that makes trades based on computer algorithms, is closing after its biggest backer pulled out, citing a lackluster performance.

Platforms to launch new industry body

It supersedes a body of the same name, of which only Hargreaves Lansdown, Fidelity FundsNetwork, Cofunds, Standard Life and Old Mutual Wealth were members.

Amundi teams up with energy giant EDF for new AM venture

Under the agreement, EDF will contribute investment opportunities while Amundi will handle project investment. The principle aim is to recruit retail and institutional investors.

Haitong plans to buy London-based brokerage

Will pay US$20 million for the London-based brokerage Japaninvest

Indexx Markets signs mandate to produce systematic indices for Sarasin & Partners

Indexx Markets will be working with the Sarasin Systematic team to deliver a range of indices covering multiple geographies, beginning with a US Efficient Strategy Index based on the constituents of the S&P500. These strategies will be available to Eu

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