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

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

BlackRock to take on F&C’s British Assets trust

BlackRock is set to take on the mandate for the £485m British Assets investment trust from F&C Investments as the trust seeks to restructure itself as a multi-asset income product.

Captives – lowering the barriers to growth

Undoubtedly it is Luxembourg’s leading insurance event and is attended by leading risk managers

L&G cuts tracker costs as price war rages

Legal & General is slashing the cost of 16 trackers, taking it neck and neck with Fidelity Worldwide Investment for some funds.

Pershing playing catch-up with competitors as custodian considers offering commission-free ETFs

Platforms, popular with RIAs, post tremendous growth for firms, fund managers

German Black Horse family office buys Düsseldorf tower

Hamburg-based developer Momeni has sold an iconic office tower in Düsseldorf to Black Horse Investments

United Ventures closes $80 mln for initial fund

Milan-based United Ventures has raised $80 million for its oversubscribed debut fund. The LPs for United Ventures One include institutions, banks and fund of funds. The fund seeks to invest in European tech startups.

Carne receives approval for new AIFM manco in Channel Islands

Carne has received authorisation as a fund services business from the Jersey regulator, the Jersey Financial Services Commission (JFSC).

Eastern European reinsurers poised to provide USD 100 million retro capacity in wake of new licence

One the one hand, there is the collateralised reinsurance and insurance linked securities (ILS) markets, which are growing very rapidly because of the involvement of non-insurance capital.

Infracapital Partners closes Fund II on 1 bln pounds

Infracapital Partners has closed its second fund on 1 billion pounds to invest in core infrastructure assets across Europe. Co-investment pledges takes total capital for investment to more than 1.3 billion pounds. Atlantic-Pacific Capital worked as placem

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