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

Flipkart raises $700M from Steadview, Qatar Investment Authority & existing investors

Flipkart has also filed with Singapore regulator to become a public company as its shareholders exceeded 50.

Kames take three places in top six

Audrey Ryan, an equities manager at Kames Capital, has risen to top spot in The Herald's monthly Citywire table of top-performing managers .

British fund managers head back to stocks in December - Reuters poll

British investment managers have increased exposure to stocks in December as prospects for monetary stimulus in Europe and Japan and economic recovery in the United States and Britain bode well for corporate profits, a Reuters poll shows.

RIT Capital Partners in deal for GVO Investment Management

RIT Capital Partnershas agreed a deal to acquire GVO Investment Management from Hansa Aktiengesellschaft subject to regulatory approval.

Standard Life Investment Expands Global Footprint

The business now manages over £240bn of assets and has increased its operational and client servicing footprint, with further investment planned to support continued growth.

Treasury recoups £1.36bn from failed Icelandic bank

The Treasury has recovered a further £1.36bn from the estate of Lansdbanki, the Iceland-based bank that collapsed during the financial crisis.

Firms’ £1.8bn bill as pension deficits grow

Because of these record low bond yields, pension liability values have increased by £100bn since 31 December 2013 to about £720bn for FTSE 350 businesses.

RBS puts loan to builder Sacyr up for sale at discount - report

Citing market sources, the news site said on Friday that British bank RBS was looking to sell the debt with a 25 percent discount.

Funds slammed by Russia

The rapid fall of the ruble and stocks on the Moscow Exchange means even more pain for investment managers who have been trying to play Russia, virtually all unsuccessfully.

Deutsche Bank to review strategy and may sell Postbank network

Deutsche Bank AG will review its strategy and profit targets next year and may sell its Postbank-branded retail unit, in a major reversal as a hoped-for turnaround in profitability slips out of reach.

Hedge fund Brevan Howard launches Argentina fund - SEC filing

The hedge fund firm, which managed more than $34 billion at the end of October, has started to market the fund to external investors.

Xavier Niel buys Orange Switzerland for €2.3bn

Xavier Niel has acquired Orange Switzerland for SFr2.8bn in the latest sign of the French entrepreneur’s ambition to build a European telecoms empire.

Baring doubles fund director fees to reflect regulation

Baring Alpha Funds an umbrella type investment company owned by Baring Asset Management has doubled its directors' fees from €25,000 to €50,000 to reflect their greater regulatory responsibilities.

Macedonia seeks Saudi investment

Stressing the depth of trade relations between the two countries, Al-Zamil said the two parties should identify viable trade opportunities in the two countries.

Defined contribution workplace pensions: The audit of charges and benefits in legacy schemes

The IPB was asked to look at legacy schemes at risk of being exposed to charges over an equivalent of one percent annual management charge and to recommend what actions need to be taken by the new Independent Governance Committees and Trustees.

Cofunds confirms how it is supporting advisers in the run up to ‘Sunset’

It’s important end-investors understand how they’ll be affected by the transition to fee-based models and associated conversion to clean share classes.

Allianz To Co-Invest up to $1 Bil. in US Real Estate with Manulife

Manulife Contributing 80% of Two Core Office Properties as First Venture

French private pension shortfall risks growing - watchdog

The shortfall in France's system of private-sector supplementary pension provisions risks growing faster than forecast

Capital Platform establishes alternative investment proposition

Capital Platform International, has unveiled a new proposition to increase the ease and efficiency of investing in alternative products.

State Street cuts fees on two European ETFs

State Street Global Advisors cut fees on two European exchange traded funds on its SPDR range.

Alternative Investments