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

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.

Top British investment funds for 2022

UK equities appear deeply undervalued compared to their international peers.

Regeneration plans backed by £775,000 investment

West Midlands Combined Authority is supporting regen scheme which will create a new hotel, cinema and other commercial and residential space

Hedge funds ride wave in volatile year for shipping costs

Niche market provides outsized returns for funds hunting big price moves

Montfort AG Opens Its Regulated Digital Assets Trading Platform to the Public

The new trading platform allows investment and wealth management companies to transcend the limits of traditional business models with the help of blockchain technology and is available in over 50 jurisdictions.

AJ Bell’s trusts for investors of all risk tolerances

With the new year upon us, investment research head Ryan Hughes highlights four trusts he thinks are well positioned for 2022.

Odyssean trust proposes merger with Strategic Equity Capital

The transactions are at an early stage and there is no certainty that the terms of the deal can be agreed.

Odey Asset Management fund manager snags £15m annual payout

Hanbury guessed that Britain would vote Leave, and the value of sterling would plummet as a result.

The top performing equity funds in 2021

T Rowe Price’s Frontier Markets Equity fund was the second best performing fund, posting a 38.82 per cent return in the year.

Calamos Investments launches Global Sustainable Equities Fund

The fund’s co-managers, Anthony Tursich and James Madden, joined Calamos earlier this year and have been managing sustainable investment strategies since the 1990s

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