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

Aberdeen’s Revival From ‘Near Death’ Endorsed by FTSE 100

It is scheduled to join the FTSE 100 Index for the first time on March 19, the FTSE Group said in a statement late yesterday.

Deutsche Bank reclaims top spot as world's largest insurance asset manager

The IAM survey indicates that the trend of insurance companies outsourcing the management of their balance sheets to third party asset managers remains strong. Outsourced general account assets now total $1.21 trillion, an increase of 5.5% from December 2

Barclays joins JPMorgan in top ranks on commodities desk

JPMorgan’s global commodities business, led by Blythe Masters in New York, and the Barclays’s unit run by Roger Jones in London, have been expanding through acquisitions and hiring.

Amundi Real Estate acquires stake in 5 Canada Square, Canary Wharf

Spread over 15 floors, the total surface area is 50,000 square metres and includes 92 parking lots. The building was designed by Marshall Strabala, an Associate Partner in charge of design at Skidmore, Owings & Merrill LLP.

Europe's largest bank opens first Sydney office

EUROPE'S largest bank as opened its first branch in Australia as it tries to boost its presence in the Asia-Pacific region.

UBS launches ‘twin–engine’ Asian HY fund

The Luxembourg-domiciled UBS Asian High Yield fund’s ‘twin-engine’ strategy will focus on Asian high yield corporate bonds and Asian currencies.

The Local Shopping Reit and Schroders launch local retail fund

Structured with a Jersey PUT feeder, the Fund will be ungeared and will have an income based focus. LSR will have a strong alignment of interest through a 5 million British Pounds co-investment and a performance related fee basis in addition to base manag

Northern Trust: 1 in 3 has 40% of stocks, bonds in passive strategies ‎

A Northern Trust survey of 121 institutions, predominantly pension funds, in Europe, Asia and North America, forms the basis of the white paper entitled, Customized Beta: Changing Perspectives on Passive Investing.

Aberdeen takes over Credit Suisse Brazilian funds

Management of the funds will be taken over by Aberdeen on April 2, with the bond fund going to Brett Diment’s emerging market debt team and the equity fund going to Devan Kaloo’s emerging equity team.

Cazenove unveils European income fund for Rice‎

The Fund will seek a combination of high income with some long-term capital growth, aiming to outperform the FTSE World Europe Index and deliver a healthy yield to investors. Income will be available quarterly.

Investors stuff Isas and Sipps full of ETFs ‎

Barclays Stockbrokers clients investing in ETFs are making the most of the tax free benefits on offer for their investments.

PSigma and TwentyFour target 7% yield via bond fund ‎

The Fund has been designed and created for use by PSigma’s clients and will start with nearly £50m in assets.

JPMorgan's British commodities chief notches up $2.8bn

JPMorgan's performance, a threefold leap in revenues, is a huge bounceback for one of the most powerful women on Wall Street.

HSBC offers rich clients discounted fees for 10 new hedge funds

Private clients provide part of the $38 billion invested by HSBC in alternative investments such as hedge funds, private equity and real estate.

Credit Hedge Funds are NOT Shadow Banks: AIMA

AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.

Northern Rock Asset Management: Profits up and taxpayer repaid £2bn

The government has provided a total of £37 billion in loans to Northern Rock since it collapsed in 2007 and the decision was taken to nationalize it in 2008.

Guinness Asset Management Announces New Fund

Guinness Asset Management has announced that the Guinness EIS Fund 3 is now open for investment. This fund will invest in UK Sustainable Infrastructure companies through the tax-efficient EIS structure.

Mercer completes acquisition of Pensjon & Finans

Pensjon & Finans has a solid market share in Norway’s institutional market both across the public and private sector. The firm was established in 1997.

Profit up, income down at Swiss Life‎

Swiss Life grew in key strategic business areas despite difficult market conditions.

Gartmore helps to lift Henderson profits ‎

“There is still a lot of nervousness out there... The ability of world growth to get underway is being hampered by the dithering in the Eurozone but the US is starting to develop an improved outlook.

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