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

Woodford's income funds see £500m more outflows in October

Investors in Invesco Perpetual's flagship income funds withdrew over £500 million in the weeks that followed the announcement that star manager Neil Woodford is to depart.

Aberdeen buys Scottish Widows from Lloyds for $1 billion

As part of the transaction, the Group will enter into a long-term strategic asset management relationship, whereby Aberdeen will manage assets on behalf of the Group.

France Smart Beta manager Ossiam To Double Aum This Year

Paris-based Ossiam has crossed the €1 billion thresh-hold in assets under management with three-quarters of that in smart beta exchange-traded funds.

Hedgie takes major stake in WH Ireland turnaround

Gate bought almost 1.3 million shares in the business, worth nearly £900,000.

Vienna Insurance Group extends presence in Poland

It is agreed not to disclose the purchase price

Credit Suisse Sets Up New Fixed-Income Group After Bond Job Cuts

Bradbery confirmed nearly all the affected staff have already been informed about these redundancies

Hedge funds in emerging Asia, Middle East, Russia lead Q3 gains

Emerging Markets hedge funds extended year-to-date (YTD) performance gains in the third quarter as local equity and currency markets posted a strong recovery on a continuation of the US Federal Reserve stimulus measures, according to the latest HFR Emergi

Irish Davy Group acquires Prescient for EUR2 billion

Investment firm Prescient Ireland, which was formerly AIB Investment Managers, has around EUR2 billion assets under management. AIB was sold to South African-listed financial group Prescient last year for EUR6.5 million.

Old Mutual Sells Polish Unit

Old Mutual, Africa’s biggest insurance firm, on Tuesday said it had agreed to sell Skandia Poland to Vienna Insurance Group for an undisclosed sum.

DC Advisory Set to Spin Out Spanish Business

The business formerly known as Atlas Capital, which was acquired by Close Brothers in 2008 and became a part of DC Advisory in 2009, is set to spin out by year end

DeAWM, Harvest Global to launch first RQFII product in Europe

Less than two weeks after the unveiling of the first RQFII product in the US, Deutsche Asset & Wealth Management and Harvest Global Investments are preparing for a similar launch in Europe.

Invesco Set to Bring on Fresh Legs

Unless you have spent the last month in a black hole you would not have failed to miss what was described by one commentator as the biggest news “ever” to grace the asset management industry

Henderson wins Group of Year at InvestmentEurope Awards

Henderson Global Investors has won the Group of the Year category at the InvestmentEurope Fund Manager of the Year Awards, with Polar Capital taking Specialist Group of the Year.

London Stock Exchange Profits Hit By LCH.Clearnet Acquisition Costs

London Stock Exchange Group PLC Wednesday said it has seen a fall in its half-year pretax profits, despite a 44% increase in revenue,

Bolton Returns Three Times Benchmark With China Investment Trust

In net asset value terms, Bolton's trust gained 36.8 per cent over the year to September

Hiring Discussions Pick up as SAC Prepares to Close London Office

SAC Capital Advisors' portfolio managers and analysts in London have held discussions with rival hedge funds including Moore Capital Management about moving to those firms as SAC prepares to close its office here,

World’s Biggest Wealth Fund Told Return Target Raising Risk

Norway’s $800 billion oil fund is under pressure to show it can handle the risks associated with emerging markets as the world’s biggest sovereign wealth investor looks for ways to boost returns.

Standard Sees Successful Firms Moving Towards Fixed Fees

Leading financial planning firms are beginning to move away from percentage charges and instead charge fixed fees

Artemis & Henderson surge up the fund sales table

Net retail sales at Artemis, where equity funds account for 70% of its business, jumped from £366 million in the second quarter to £498.5 million, which the report attributed to flows into the Adrian

F&C Investments Expands Popular Lifestyle Fund Range

It will be the lowest risk profile fund in the range. The retail fund is planned to launch at the end of 2013, subject to regulatory approval.

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