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

London Central: A Bubble about to Burst?

“Central London property: a bubble about to burst” seems to be the headline of the moment.

ICAP unveils shake-up of broking activities

The division will change its name from "Voice" to "Global Broking" and will be run by EMEA chief David Casterton.

Saltus Fund Management acquires Montague Capital

According to Saltus, the move will allow it to significantly broaden its current product offering, with Montague clients set to benefit from additional investment research.

Investec to rebrand managed distribution fund

Head of multi-asset Philip Saunders says the fund will be similar to the £25m Investec Diversified Growth fund, with more input from the bond team.

Jon Corzine, Ex-MF Global CEO, Is Considering Starting A Hedge Fund

That's right. Corzine, the former CEO of now-bankrupt MF Global, the company that lost hundred of million of dollars in customers funds, is mulling starting a hedge fund, The New York Times reports, citing “people with knowledge of his plans.

Danske Pension Arm Snaps Up Italian Bonds in Yield Search

Danica, which had investment assets of about $50 billion at the end of June, holds about 7.2 billion kroner ($1.2 billion) in mostly Italian short-term notes and some Spanish debt, according to Peter Lindegaard, the chief investment officer at the pension

British city launches own currency

Hundreds of businesses have joined, from the acclaimed Arnolfini arts centre to the Chandos deli chain, and the launch had to be postponed from May to September 19 because of the level of interest.

EU hedge funds face pay threat

There is increasing industry alarm that draft guidance on how to implement the law could see restrictions such as bonus deferrals and clawbacks, which are already enforced in the banking sector, imposed on a wider range of big funds than first thought.

Saltus Fund Management acquires Montague Capital

Saltus will provide investment management services to Montague as part of a transitional agreement, during which time Montague clients will be invited to move across to Saltus.

Liontrust moves to retain fund manager talent

Shareholders will vote at Liontrust’s September annual general meeting regarding whether or not to expand the current incentive scheme, introduced in January 2011, by 1.9m shares, in order to “closely align their interests with those of shareh

Standard Life profits rise as UK strength offsets Canadian weakness

In half-year results, Standard Life revealed that group operating profits before tax rose to £302m in the six months to June 30 from £262m in the same period last year. Assets under administration climbed to £204.2bn from £198.4bn

London boutique in global low vol equity fund launch

The Stable Global Ucits fund will be launched in September alongside a $50 million segregated account.

Lloyds sells private-equity assets to Coller for £1bn

The deal will see Lloyds net almost 100p in the pound for the portfolio, which has a face value of £1.05bn.

Goldman Sachs HQ sold for £264m

Goldman’s current lease, which costs roughly £18m a year, runs until 2021.

Partnership and product innovation are key in Asia

Despite this, some commentators have suggested that these markets, in particular Hong Kong, are becoming more difficult to gain access into.

UniCredit Plans Euro Benchmark Five-Year Covered Bond

UniCredit SPA plans a euro-denominated, benchmark-sized, five-year Obbligazioni Bancarie Garantite (OBG), or covered bond, one of the banks running the deal said Tuesday.

Coldwell Banker teams up with BOC to entice rich Chinese

In Paris, Chinese buyers have jumped from 0.3 percent of buyers in 2009 to an expected 2.0 percent this year, with luxury apartments with a view of the Seine and the city's monuments enjoying the most demand from Asian clients.

German hedge fund Varus Fund up 3.1% on European opportunities

Predicting how the fund will make more money in the second half of the year, Varus said it would be short bonds vs. high yield and share buyback stocks.

Hedge funds make gains in July, says SS&C GlobeOp‎

The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2012 measured 1.42%.

Morgan Pryce completes deal for leading German Bank Tass

Morgan Pryce is an acquisition agent with a dedicated team securing London office space for overseas clients.

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