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

London challenges Hong Kong with BOC's yuan bond

European deals account for more than 10 per cent of global yuan debt issues every year and have so far been mostly conducted in Hong Kong.

Brooks Macdonald sets up new firm to launch property fund

The fund will aim to deliver a high correlation to direct property markets, targeting a yield of 4.5%-5.5% with low volatility

Carmignac kicks out European fund management team

French investment giant Carmignac Gestion has replaced its entire European fund management team in a bid to improve investment performance.

Guy Hands doubles salaries to keep staff

Guy Hands has doubled salaries at his private equity firm in a bid to retain staff, while cutting payouts for himself.

Latvia hires three banks for international euro bond

Latvia has hired U.S. banks Citigroup and JP Morgan and French bank Societe Generale to lead the issuance of a euro-denominated international bond

World’s Biggest Wealth Fund Sees Backing to Expand Investments

Norway’s $820 billion sovereign wealth fund, the world’s largest, is closer to getting the go ahead to expand into more asset classes as it struggles to meet return targets

Bank of America Merrill Lynch Shuts European Power, Gas Desk

ank of America Merrill Lynch has closed its European power and gas desk following low demand for power and gas hedging and regulatory changes

Skandia launches discretionary trust on UK platform

Skandia has launched a new discretionary trust on its UK platform.

JCAM To Invest In Birmingham And Leeds With £43m In Funding From RBS

Canmoor, the private property company is advising on asset management and development initiatives.

Brevan Howard U.K. Unit Paid Partners $99 Million for 12 Months

The highest paid partner, who wasn’t identified, received 39.4 million pounds, down from 78.9 million pounds a year earlier

China's 'Tobin Tax' debate stings City hopes for offshore trading boom

Any such move could greatly complicate the City of London’s plans to become the top market for global trading of the yuan or renminbi

Barclays Poised To Back Down Over Pay Plans

The shareholders have said that plans mooted by the bank to award share allowances to only its chief executive and chief financial officer do not go far enough.

F&C Investments expands Real Estate Securities range with global fund

The F&C Global Real Estate Securities Fund is co-managed by Alban Lhonneur and Marcus Phayre-Mudge, who have over eight years and 22 years of experience respectively in the real estate sector.

Norway to refrain from fx buying for wealth fund in January

Last month the central bank said it would refrain from buying foreign exchange that would have enabled the fund to invest money in foreign stocks and bonds.

Russian, Chinese and Gulf state firms enter commodity trading to control pricing

Banks by and large are moving out of the trading of physical commodities

Hedge fund top brass pocket £317m

The accounts for 2012-13 show distributions to members were £317m

Bundesbank to Repatriate More Gold from New York and Paris

However, German media interpreted the measure as a sign of mistrust.

Singapore wealth fund GIC buys Broadgate stake

Wealth fund GIC becomes Britsh Land's new partner in City complex Broadgate with purchase of Blackstone stake

Apax Partners and Altamir have entered into an agreement with Chenavari Investment Managers

In addition to its credit institution operations, Buy Way has developed a credit card management business for third parties, in particular for KBC Bank.

Italy's Generali sells entire Pirelli stake

According to a filing on Monday by Italy's market watchdog, Generali reduced its stake, worth around 280 million euros ($380 million) at current market prices, to zero on December 16.

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