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

BNP to cut stake in Swiss fund with bond issue

BNP has been selling assets over the past year to better withstand the euro zone debt crisis and the global economic slowdown.

Grosvenor Fund Management sells Festival Place Shopping Centre

"The sale of Festival Place to TIAA-CREF reflects the winding-down of Grosvenor Festival Place Fund, which soon comes to the end of its life."

SEI looks at add structured products to platform

True Potential senior partner Daniel Harison says: “We are strong believers in giving a breadth of choice to IFAs and have been working closely with SEI to add this new product.”

RBS plans to close precious metals trading

Royal Bank of Scotland plans to close down its precious metals trading operation, an industry source said, and the bank confirmed it was halting commodities research due to an internal review.

Citigroup launches commodity trade finance business

U.S. bank Citigroup has launched a commodity trade finance unit, expanding into a sector once dominated by European lenders who have been shrinking their activities to cope with the euro zone debt crisis.

Credit Suisse Liquid Alternative Beta Index Up 0.53% in August

The Credit Suisse LAB Index was up 0.53% in August according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

ECM Asset Management starts senior secured fund

New fund will buy both senior secured loans and high-yield bonds

SunGard identifies ten asset management trends affecting the fund management industry

Doug Morgan, president of SunGard’s institutional asset management business discuss the top trends affecting the fund management industry in 2012

This Simple Diagram Explains How Manchester United Makes Money

Goldberg's report included this straightforward diagram explaining how Man U. could potentially be a self-propelled profit generating machine.

Royal Bank of Scotland insurance unit plans 900 job cuts

The insurance division of Royal Bank of Scotland says it plans to cut nearly 900 jobs as it prepares for a stock market flotation.

Stockholm-based hedge fund raises $500 mln for new longer-term fund

"In recent years, financial markets have become increasingly short term.

Troubled hedge fund Pentagon to fight SEC's $100m fine

A contemporary of David Cameron's at Oxford University, Mr Chester took the dramatic step after his hedge fund, Pentagon Capital Management, was fined $98.5m earlier this year for allegedly engaging in late trading in mutual funds between 1999 and 20

ING to Sell Capital One Stake After Sale of Online Bank

Pricing is expected before regular trading opens today in New York, with settlement on Sept. 10, ING said in a separate statement.

DFAS Bloxham Global Equity Income Fund - change of manager

They plan to run the DFAS Bloxham Global Equity Income Fund in exactly the same way before merging it into their existing fund by the end of this year. At that time a new share class is to be created for retail investors.

Ludgate Investments eyes stricter waste regulation for new fund

The European Union is tightening regulation for recycling and recovering rubbish and has called for 50 percent of household waste to be recycled by 2020 as a way to keep trash away from landfill sites.

Schroders launches Global Macro Bond Fund

The Fund aims to deliver an annualised gross excess return of eight per cent per annum over LIBOR using currency, sovereign and credit strategies, and is scheduled to launch in October 2012.

Barclays accused of making £500m out of hunger after speculating on global food prices

Barclays Capital, the investment arm of the bank, has prompted fresh criticism after they reportedly made more than £500million by speculating on food staples while millions around the world face starvation and crippling food prices.

RBS severs ties with Hoare Govett

He had decided to reshape RBS so that it would never again carry the same risks that led to its taxpayer bailout during the financial crisis.

S&P Capital IQ announces UK fund management awards

Excellence will be identified at the fund manager, team and house level, drawing upon the qualitative insights and assessments from a team of fund analysts who review and consider the gradings of over 1,200 funds a year.

Baring Europe Select Trust reports strong performance

Barings is celebrating another successful year for the Baring Europe Select Trust as the fund marks its twenty-eighth anniversary.

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