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

Ex-Citi FX trading head readies macro hedge fund- sources

He will be joined by Farhang Mehregani, the former chief investment officer of Sciens Alternative Investments as one of the partners, two of the sources said.

Chenavari Ends First Half Up 18.24%

The firm cited the European Central Bank’s planned stimulus program as a catalyst for returns

Ireland to give green light for hedge funds to lend

Ireland has traditionally prevented hedge funds domiciled in the country from lending

Baker & McKenzie Advises FROB and N+1 on Sale of Catalunya Banc to BBVA

The deal is a major milestone in the restructuring of the Spanish financial sector.

LaSalle invests in Amsterdam for Bavarian pension fund BÄV

Patrizia’s WohnModul I fund, set up for a German pension fund in 2012, will buy the 5,500-unit portfolio by year-end.

Axa, Liontrust, Old Mutual and Premier funds fall off SPI's White List

Four funds have been dropped from Sanlam Private Investments’ White List of UK equity income outperformers, to be replaced by offerings from Threadneedle, RBS, Fidelity and Invesco Perpetual.

BlackRock World Mining Trust Signs USD12.0 Million Royalty Deal

The news comes after the trust in October said that it had reached a non-binding agreement on key commercial terms with regard to a USD12.0 million net smelter return royalty investment with Avanco Resources.

Wells Fargo AM funds available on Italy's Fundstore

Wells Fargo Asset Management has chosen Fundstore.it, the online platform of Banca Ifigest, to distribute its Sicav sub-funds of the Wells Fargo (Lux) Worldwide Fund for the first time online in Italy.

MetLife Joins Norway Fund in $561 Million Boston Deal

The collaboration on U.S. property bets began in December, as the Norwegian fund sought to diversify its holdings.

Nordic Capital picks banks for Thule listing in Stockholm -sources

Taking advantage of high stock market valuations and low volatility, private equity firms such as Nordic Capital are scrambling to list their holdings, many of them bought during the deal-making heyday before the financial crisis.

Luqman Arnold launches advisory business

The company will advise corporates, policy makers and entrepreneurs on strategy across areas including capital raising, corporate finance, mergers and acquisitions.

Credit Agricole to issue dollar-denominated bonds in Taiwan

One of the tranches will issue an interest payment of 4 percent over the term of the bond

Institutions on hunt for RMB assets, says Deutsche

Deutsche Asset & Wealth Management, the asset manager with 934 billion euros in AUM, expects demand from institutional investors for RMB allocations to grow amid continuing internationalisation of the currency.

Money Grows on Trees in London!

Money tree planted to encourage Britons to save more

Miton multi-asset funds see near £200m redemption in H1

Almost £200 million has been withdrawn from Miton’s Multi-Asset funds during six months which included the departure of former manager Martin Gray and his replacement by David Jane

China trust suspended after manager goes AWOL

Trading in the £66 million ARC Capital fund, which counts Rathbones among its shareholders, has been suspended amid a breakdown in communication between its investment manager and board.

Virgin Money completes payment for Northern Rock

HM Treasury also received £150m of Tier 1 capital notes, essentially taking a share in the company, on completion of the deal. Virgin Money is now purchasing these notes back from the Government at the appreciated value of £154.5m.

Qataris could make renewed bid for Sainsbury’s

The Qatar Investment Authority in November 2007 walked away from its £10.6bn or 600p a share bid, saying credit markets had made raising funds too expensive.

French Bank CDC Offers Samurai Bonds

Samurai issuance in 2014 so far is ¥1.66 trillion, not far short of the issuance for the whole of 2013, according to Dealogic. That is the highest on a year-to-date basis since 2008.

Advisers remain critical of Aegon despite trail commission U-turn

Advisers remain critical of Aegon despite the provider having backtracked on its policy of removing adviser trail.