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

New acquisition for city’s asset management firm

It aims to deliver reliable, efficient and sustainable solutions to a range of industries including manufacturing, pharmaceutical, medtech, transport, education and utilities.

Frenkel Topping posts double-digit revenue growth and a new acquisition

The firm, which listed on London’s AIM 20 years ago, specialises in personal injury (PI) and clinical negligence (CN).

Mandatum Asset Management Growth Equity II fund invests in HappySignals, a human-centric IT Experience Management company

The investment will be used to accelerate HappySignals’ global expansion by boosting sales, marketing, and product development efforts.

ARK Invest Europe debuts its first batch of actively managed UCITS ETFs

The three vehicles are classified as Article 8 under SFDR

Hipgnosis takeover brings about swift resolution for investors

The outcome depends on the intentions of Blackstone, the majority owner of HSM, regarding the portfolio.

Hypervine Launches Unlimited Satellite Survey Service for the Mining Industry

Hypervine builds on its partnership with the European Space Agency to create the satellite surveys.

AJ Bell advised platform customers increase by 8%

This represented an increase of 11 per cent when compared to the first quarter of 2023 and a 4 per cent increase when compared with Q4 2023.

PUBLICA improves funded ratio and moves ahead with responsible investment

All asset classes, with the exception of foreign real estate and private infrastructure equity, performed positively.

CISI and EIMF set new benchmark in the investment fund sector with launch of the Cyprus Fund Administration Professional Assessment Certificate

The Cyprus Fund Administration Professional Assessment Certificate is designed to equip professionals with practical and relevant knowledge specific to the Cyprus Investment Fund Sector.

European ETFs hit record high assets under management in Q1 2024

The data providers attributed this decline to “investors’ recalibration of rate cut expectations”.

LV= protection claim payouts hit £135m in 2023

The insurer paid out more than £27m in critical illness (CI) claims in 2023 to over 370 individuals and families.

Grant Thornton Pensions Fund appoints Cardano as fiduciary manager

It said the appointment of Cardano was made following a competitive tender process.

Asset manager Ashmore's share fall on worse than expected outflows

Jefferies and JP Morgan analysts had expected outflows of $1.2 billion.

Söderberg & Partners buys stakes in four advice firms

The Swedish advice firm has now purchased 11 UK firms after receiving €200mn (£171.6mn) from minority owner KKR.

Premier Miton CIO: share prices will return to fundamentals

Another change the asset management industry is currently undergoing, and which it has undergone before, is consolidation.

Willis Towers Watson to launch platform-friendly LTAF with £450m

The institutional investment giant is set to launch a semi-liquid fund in an OEIC format, but access for wealth firms remains some way off.

Neuberger Berman grows private equity fund offering for financial advisers

The minimum investment required for most share classes is €25,000

EBRD announces profit of €2.1 billion

The Bank’s strong results for last year – close to 2021’s record profits of €2.5 billion - were largely due to the performance of equity investments across its regions of operations.

Has Aviva launched the first wealth LTAF? ‘It’s vague’

Aviva’s recently converted fund offering can in theory be used by wealth managers, but without platform support, it won’t be straightforward.

Broadstone acquires Vestigo Partners to tap into worldwide credit risk, analytics expertise

Vestigo has valued over 150 portfolios across the UK, Europe, Asia and Africa

Alternative Investments