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

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Almost £200 million has been withdrawn from Miton’s Multi-Asset funds during six months which included the departure of former manager Martin Gray and his replacement by David Jane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

Omni Partners obtains licence under AIFMD

Citibank International has been appointed as independent depositary, complying with the requirements of the Directive.

Horlick taken to task online over new fundraising

The firm raised £137,500 through Seedrs last summer to pay for the start-up costs of the business.

Alliance Trust launches two new sustainable investment funds

The two products bring the number of the full range of risk-profiled funds available to five.

ICE pumps $15 million into benchmark business

According to company filings, ICE Benchmark Administration received $13.5 million in funding from parent company ICE in 2013 and has received an additional $2.2 million so far this year.

JPMAM to close five fixed maturity bond funds

JP Morgan Asset Management is to close five of its Luxembourg-domiciled fixed maturity bond funds, citing changes in the market. The funds covered the emerging market debt and high-yield bond spaces and will close on 19 September after their liquidation

Alternative Investments