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

Outsourcing risky for hedge funds, says ViClarity

ViClarity warned against implementing ‘quick fixes’ that may not be effective in the long term

Italian Banks’ Sovereign Debt Holdings Rise to Record

Italian banks boosted their holdings of the country’s sovereign debt to a record high as a third recession in six years damped lending to companies and individuals.

Towergate Insurance sells Hayward Aviation to global broker

Insurance broker Towergate has made the first of a number of expected sell offs as it strives to balance the books amid heavy losses.

Man Group Buys Merrill Lynch Alternative Investments Fund Portfolio

Man Group plc announced today that it has entered into a conditional agreement with Merrill Lynch Alternative Investments LLC to acquire the investment management contracts to manage a portfolio of multi-strategy and strategy-focused fund of hedge funds w

Mexico’s corporate issuers to gain unprecedented access to international investors through Euroclear

Cooperation between the Ministry of Finance and Euroclear allows Mexican corporates to issue debt denominated in Mexican Peso specifically targeting international investors

Abu Dhabi Financial Group acquires London’s New Scotland Yard building

Abu Dhabi Financial Group (ADFG) today announced that it has acquired New Scotland Yard, home to the London Metropolitan Police since the 1960s, from the Mayor’s Office for Policing And Crime (MOPAC) for GBP 370 million (AED 2.1 billion).

Bradesco AM offers Latin American smart beta, appoints new CEO

The move comes as BRAM appointed a replacement for its high-profile chief executive, Joaquim Levy, who became finance minister in the new administration of Brazilian president Dilma Rousseff at the end of November.

Credit Suisse to shrink prime brokerage

Credit Suisse plans to shrink its unit serving hedge funds amid pressure from investors to reduce the leverage of its investment banking division.

M&A bankers who cracked the pensions market

Investment banks have long tried to build a business advising pension funds – and failed. However one has succeeded by focusing on a key area that is, it says, being overlooked by other advisers.

AIMA publishes updated guide for selecting a prime broker

The Guide, which was drafted by a working group of AIMA members, also reflects the greater degree of due diligence being conducted on prime brokers today and the evolution in the prime brokerage model since the financial crisis.

Major investor backs Qatar's bid for Canary Wharf owner Songbird Estates

If a deal does go ahead, it will be the largest UK property deal in a decade.

Acadian Asset Management launches Global Leveraged Market Neutral UCITS Fund

Launching on 8 December 2014 and domiciled in Dublin, the Fund will be market neutral in that the aggregate long and short exposures aims to be equal at the time of rebalance, neutralising exposure to the direction of equity markets, cash, sectors, countr

Aviva platform chief targets £10bn AUA by end-2015

The study found Aviva is now the most preferred platform for 12% of advisers, up from 6% last year.

Russian companies abandon the London stock exchange in favor of Asia

Two Russian construction companies have decided to stop trading their shares on the London stock exchange. It follows a similar decision by Russian bank FK Otkrytie. According to experts, this is a long-term trend, as Russian issuers delist in Europe and

London mandate for Braveheart

Braveheart , the AIM-listed investment management group, has been selected as a consortium partner to manage the London Co-investment Fund.

State Street launches new government bond ETF

State Street Global Advisers has launched a new exchange traded fund (ETF) which allows investors to adjust the duration of their European government bond exposures.

Uber Snags $41 Billion Valuation

Investors Place $1.2 Billion Bet Ride-Sharing Service Keeps Breakneck Pace

Platform punch-ups: when wraps battle

We take a look at the six biggest battles in the platform market.

Good overall performance for Jersey’s finance industry as funds figures reach five year high

The latest figures for all sectors of Jersey’s finance industry reflect an overall good performance, led by the funds sector where the value of funds business in Jersey reached the highest level in five years.

Qatar Investment Authority to Make Strategic Investment in Brookfield Property Partners

Brookfield Property Partners L.P announced today that its subsidiary Brookfield Property L.P. has issued $1.8 billion of exchangeable preferred equity securities to Qatar Investment Authority. As a result of the issuance, QIA will own an approximate 9% in