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

‘When you say it’s illiquid, it’s really illiquid’: This $1.4tn AM’s alts challenge

Franklin Templeton’s Jenny Johnson says the shrinking shape of public markets has forced traditional firms to think differently.

M&G launches sustainable PruFund range on platform

Until now, advisers have predominantly accessed PruFund via the investment manager’s ‘Retirement Account’.

AXA UK plc Chairman announcement

Scott Wheway to stand down; Mark Pain appointed Chairman

Investment Association calls for stewardship clarity

These include a lack of clarity on stewardship expectations, an overemphasis on short-term performance, and not taking enough account of the stewardship outcomes.

FTSE slumps 1.6% as GDP data reveals fragility of UK economy

UK shares slam into reverse as a slew of worrying data on the UK economy and housing market brings a sense of foreboding to markets.

Mercer under pressure again for failing pension savers

Nicky, who relies on her works pension to get by, said she has been calling Mercer twice a week and every time she’d get a different story.

Economic downturn threat should be taken seriously by private market operators to mitigate mis-selling risk

The lower liquidity of private markets means it is much more difficult for investors to divest if they become unhappy with the investments they have made.

abrdn invests in Italian gas network

Gas infrastructure plays a key role in the energy transition in Europe, and part of the proceeds of the refinancing will be used to upgrade the network in preparation for transportation of hydrogen.

Clear Group enters next phase of growth with new investment

Edgeley and executive chairman and founder Howard Lickens, as well as the existing management team, will continue to lead the company following the investment.

Scottish Widows 2022 retirement report finds pension savers risk retiring with £15k less, as economic storm brews

Over half (57%) of those surveyed said they were concerned about their finances in retirement

TIME Investments adds six to distribution team

Three join from 7IM

Amundi Austria acquires fintech Finventum GmbH

Expanding its technology solutions range with Savity will enable Amundi to better serve its partners, distributors and its retail clients in Austria, the asset management company says.

Polar Capital shares gain 2% on better than expected full-year results

The positive share price reaction suggests investors’ view the 32% fall in the share price over the last six months as an overreaction to fears over difficult market conditions.

Brokers face hurdles in getting best outcomes for clients

As for what has been happening in our market: where do I start?

Europe’s Bond Traders Haven’t Seen Swings This Wild in Years

Recession fears turn a bond rout into a sudden rally

Hamza Lemssouguer’s London-Based Hedge Fund Expands Team

Launched in 2021 through a partnership with investment firm Squarepoint Capital, Arini plans to become fully independent in the future.

Western Banks Willing to Accept the Short-Term Pain of Russian Exodus

The exodus has included Western-owned banks, as the United States, the European Union (EU) and other allies have attempted to step up their financial war against Russia.

iM Global targets European deals

Asset management network is in ‘in advanced discussions’ with four or five potential new boutique partners.

Phoenix Group invests £90m in affordable housing

Alliance will use part of the funds to invest in improving the sustainability of its current housing stock by bringing all homes to an Energy Performance Certificate (EPC) rating of C or better.

ESG debates should not distract from business fundamentals

Regulators also need time to consult industry participants, draft policy, secure approval, promulgate and then enforce.

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