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

Standard Life profit lifted by savers and markets

Standard Life posted a 6 percent rise in first half operating profits

Pioneer announces partnership deal with Japanese giant

Investment firm announces tie-up with UK arm of Mitsubishi UFJ AM and assigns equity mandate.

SSGA and JPMAM to launch target date funds

TDFs are seen as a direct alternative for traditional lifestyling strategies in defined contribution (DC) schemes.

Alceda applies for AIFM licence in Germany and Luxembourg

The AIFMD takes a “one size fits all” approach and encompasses AIFMs of all alternative investment funds (AIF) which are not covered by the UCITS Directive. The intention behind the directive is to create harmonised rules for management and ma

ING Q2 Profit Drops

ING has made good progress so far this year as we work to improve our operational performance,

Ashcourt Rowan AM to buy Generali Portfolio Management

This follows the decision by Generali Worldwide Insurance Company to scale back its private client investment portfolio management in London and focus on its international clients serviced from its operations in Guernsey.

Dexia AUM stable

Dexia Asset Management’s half year activity report shows that assets under management remained stable, standing at EUR72.7bn as of 30 June 2013, compared to EUR72.9bn at the start of the year.

Norway’s $740 Billion Oil Fund May Be Restructured

“You could split it either on getting different handlers to compete better, or have different objectives for your investments in different funds. We’re going to explore it, develop and see if it’s a good idea.”

Aviva to close 13 regional branches

Insurer offers additional onsite underwriters to brokers in affected areas

Man Group posts client outflows as key hedge fund suffers

Funds under management dropped 9 percent to $52 billion, while the group said it had made a first half adjusted profit before tax of $134 million.

AXA net income slips 1 pct on hedging loss

AXA's net income fell to 2.47 billion euros from 2.54 billion in the year-ago period

Generali hails best first-half results in 5 years

Operating profit in the property and casualty business increased by 23.4% to EUR389 million, mainly supported by the motor unit.

Fidelity abandons multi-asset/platform deal after FCA ban

In April the regulator said product costs "should not be used to cross-subsidise the platform charge.

FundsNetwork revamps Navigator pricing plans

FundsNetwork previously had no service fee for the platform when advisers bought the Navigator funds but has now introduced a 25 basis points (bps) charge.

Banca Carige Sells Asset Management Unit To Arca

Banca Carige SpA said Friday it has agreed to sell its asset management unit to Arca SGR for 101 million euros ($133.4 million).

OMGI to merge away Freeman-Shor’s UK Strategic Best Ideas fund

“The Old Mutual UK Opportunities fund is run by Simon Murphy, and the strategy has performed well with consistent positive performance, even during periods when the equity market returns have been negative,” the letter says.

Jupiter inflows top £400m in first half of 2013

Profit for the period attributable to owners of the parent improved to 46.9 million pounds from 24.1 million pounds, with earnings per share increasing to 11.0 pence from 6.4 pence last year.

Who Are Europe’s Hedge Fund Winners?

Overall growth at the top 20 remained virtually flat in the past 12 months

Parmenion posts £568k pre-tax profits

The firm's latest financial results show that turnover increased by 50%, from £2.2m to £3.3m

Alternative investment management and advisory group launches

Both founders considered that many fund managers they came across during their formative years were heavily reliant on single dimensional strategies and too passive in sourcing investments.

Alternative Investments