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

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There is increasing industry alarm that draft guidance on how to implement the law could see restrictions such as bonus deferrals and clawbacks, which are already enforced in the banking sector, imposed on a wider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

Norway wealth fund loses 2.2% on debt fears

The €505.6 billion Government Pension Fund Global fell 2.2 per cent, as measured by a basket of currencies, the Oslo-based investor said yesterday.

Why new Euro rules won't mean ETF fee hikes

Some commentators have suggested low-cost funds such as ETFs could become more expensive as providers increase fees to make up for lost revenues.

Brooks Macdonald subsidiary to manage new property portfolio

It will offer investors the potential for income generation and capital growth from ground rents. GRIF is expected to be capitalised at around £50m.

Banking sector weighs on recruiter

The gross margin on temporary placements in the first half of 2012 improved slightly to 20.8% (2011: 20.2%). Pricing has remained relatively stable throughout the first half of 2012, with a stronger pricing environment in rapidly growing markets, being of

Bond Funds Capture Record Inflows of $350 Billion Worldwide in First Half - Research

Bond fund sales around the world are continuing at a record pace with $350 billion in net inflows during the first half of 2012, according to Strategic Insight, a business intelligence provider to the global fund industry.

Threadneedle launches Global Opportunities Bond fund in Sweden

The fund invests in ideas generated across Threadneedle's full fixed income team, covering developed and emerging market government bonds, investment grade and high yield corporate bonds, asset backed securities, currencies and fixed income derivativ

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