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

Louis Bacon’s Moore Capital still sizzles despite Wizard exit

Louis Bacon’s $15 billion hedge fund Moore Capital boosted profits in its Mayfair office last year despite the loss of star fund manager Greg Coffey.

London continues to attract Middle East initial public offerings

Listing on the LSE allows international investors to avoid the pitfalls of buying emerging market shares locally.

Property investors demand more action from platforms on PAIFs

Property fund representatives have voiced their impatience at platforms’ failure to support tax-efficient Property Authorised Investment Funds (PAIFs) in the face of increasing demand for the products.

U.K. spread-betting firm Targets Swiss Banking Business

The London-based company chose Geneva partly because many institutional customers it wants to do business with are located in the city, said Fouad Bajjali, chief executive officer of IG Bank SA, IG’s Swiss-licensed banking unit.

Antin Infrastructure Partners selects BNP Paribas Securities Services as depositary bank

Antin IP is an independent management company which specialises in infrastructure investments in the energy, environment

BNP Paribas Securities Services awarded cross-border AIFMD mandat

The mandate was awarded following a competitive tender, and places over EUR 7 billion of a.s.r.’s assets which fall under the Alternative Investment Fund Managers Directive

Baillie Gifford seeks entry into the fund management 'premier league'

Budden says, there have been significant changes to the way the group conducts its retail business

Australia's National Australia Bank acquires 75pct stake in Orchard Street

The move comes as a surprise as Melbourne-based NAB agreed to sell a 625-million-pound portfolio of mostly non-performing British commercial property loans to an affiliate of private equity firm Cerberus Global Investors in July.

Aztec Group adds a Netherlands office to its onshore presence

The new office has been launched with the support of a longstanding client and is headed up by a senior member of the Aztec team, Andreas Demmel, who has previously worked in the Aztec Group Luxembourg office for nearly three years.

Chinese yuan trading volume up 60% in September on Moscow Exchange

The FINANCIAL -- Traders continue to show greater interest in the CNY/RUB currency pair, underlined by increased trading volumes, according to Moscow Exchange.

Sky's £7.4bn European merger is set to be given go-ahead

The second biggest Sky Deutschland investor, Crispin Odey, who is Rupert Murdoch’s former son-in-law, manages an 8 per cent stake through his company

Valad Europe confirms main investor Blackstone seeking to sell stake

UK-based asset manager Valad Europe, which has significant real estate holdings on the continent

Alvarez & Marsal buys German manager

Alvarez & Marsal has acquired Captiva Capital Management GmbH, a Hamburg, Germany-based real estate asset management firm.

UK stamp dealer gears up for new investors

"We're in conversation with dozens of others - it takes time," he told The Business Times last week.

‘Champagne Fizz’ Goes Flat for London Homes

Twenty one cranes loom over the south bank of the River Thames from Battersea Power Station to the St. George Wharf tower.

Finnish pension funds to stay with hedge funds

Varma has at least Euro 6.6bn invested in hedge funds.

Infrastructure holdings drive 6% return at London Pension Fund Authority

The fund now holds more than £170m in infrastructure, accounting for 3.5% of total assets.

Munro reveals plan to fortify Aviva Investors

After almost nine months of keeping a low profile, Aviva Investors’ chief executive Euan Munro has finally walked into the spotlight to voice his vision for the company’s corporate strategy.

European and American Banks Consider One-Stop Bond Shop

A group of European and American banking giants as well as a dozen or so asset managers are reportedly working together to set up a one-stop bond shop for buyers and sellers of corporate bonds.

Societe Generale mandated by Agence France Locale to process derivatives operations

Societe Generale, through its securities services business, Societe Generale Securities Services and its derivatives broker, Newedge, has been mandated by Agence France Locale to process its OTC derivatives operations.

Alternative Investments