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

Premier Miton suffers net outflows from open-ended funds in Q1 AUM update

Closing AUM remained flat

iM Global slams shut Oyster brand and sets sights on credit and EMs

Asset management network announces end of long-standing fund name to create a more cohesive image.

Tavistock takes minority stake in LEBC

Brian Raven, chief executive of Tavistock, added: “We look forward to working in close partnership with B. P. Marsh & Partners and with LEBC’s management team.

Impax Asset Management posts 11% rise in AUM

The firm believes that capital markets will be shaped by global sustainability challenges including climate change and pollution

Amundi to bolster passive assets to more than €420bn in bet on ETF surge

Europe's largest asset manager's strategy shift follows purchase of Lyxor

Highvern shortlisted for European Award

Highvern was also a recipient at the Drawdown Awards in 2021, being singled out for its approach to ‘Technology and Innovation’ in its unique approach to fund administration.

BNP Paribas swallows up Deutsche Bank's global prime finance and electronic equities business

The successful global integration was driven by strong collaboration between the teams of both firms as well as full support from the management at BNP Paribas and Deutsche Bank.

Odey Asset Management sees profits soar to £40m

Crispin Odey’s profit share increases tenfold

Consultant and staffing costs surpass £510k at Woodford IM as a result of FCA investigation

£4.5m loss for year ended 31 March 2021

Fundsmith grows profits to £57m in 2021

Largest member remuneration also revealed

Artemis appoints M&A advisers for growth options

The company is structured as a limited liability partnership, so is owned by members, rather than shareholders.

Consolidator One Four Nine acquires third adviser

This brings One Four Nine’s total AUM to £540m.

Mitesh Sheth awarded MBE for services to diversity and inclusion

The New Year Honours List 2022 is the most ethnically diverse honours list to date, with 15.1% of recipients coming from an ethnic minority background.

Top 10 trends for hedge funds in 2022

Donald Steinbrugge, founder and CEO of Agecroft Partners shares his predictions for the industry.

Amundi Completes Acquisition of Lyxor

Societe Generale sold Lyxor in order to cut costs.

Fund star scoops £150m

Even though his flagship £22.7billion Fundsmith Equity fund underperformed the average of its rivals over the year, the firm raked in total profits of £57.7million – up from £48.5million a year earlier.

Zurich Sells Life Insurance Book in Italy

The transaction also reduces our exposure to interest rates and credit risks and allows us to focus on the parts of the Italian life and pensions market where we can best serve our customers.

Russia’s Largest Bank Introduces First Blockchain Focused ETF in the Country

The exchange-traded fund will track the Sber Blockchain Economy Index, which includes crypto asset and mining companies.

Kingswood releases £3m for M&A growth

The company had confirmed in September that “nine transactions” were under exclusive due diligence in the UK, suggesting one deal could have dropped since then.

Vienna Insurance agrees to share ownership of the Hungarian unit to save the deal with Aegon

The deal is the latest example of Hungarian leadership exerting regulatory pressure to expand government influence in the economy.

Alternative Investments