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

M&A firm to shut down Cayman holding company

Life company consolidator Phoenix Group plans to close its Cayman Islands holding company and set up a new operation in the UK.

Zenith Insurance to withdraw from Irish motor market

Gibraltar-based insurer to stop writing new business through Irish agents in February

L&G removes lifetime mortgage arrangement fees

Legal & General has also announced a further reduction to lifetime mortgage rates across its whole product range.

IFG sees Brexit impacting near-term growth rate

Adjusted operating profit up 31% in first half to £4.4m as revenues rise 16% to £39.9m

Catella Q2 income increased by 14%

The Group’s operating profit also increased sharply

This Knightsbridge flat a stone's throw from Buckingham Palace costs just £295k ... but there's a catch

The pint-sized 300sq/ft property, 450m from Harrods and just a short walk from Hyde Park and Buckingham Palace, has a living and sleeping area, modern bathroom and a kitchen.

The Woman Who Revived Russia’s Markets

The moves were painful for Russia’s economy, which went into a sharp recession as the value of the ruble slumped, reducing consumer and business purchasing power.

Moscow-Based Hedge Fund Manager Says Russia Getting Better

The negatives are well known, meaning they are already baked into the cake of Russia-based investment funds.

Ex-Montanaro pair launch 'low cost' boutique

The boutique is launching the VT Cape Wrath Focus fund, which will have a 0.3% annual management charge with other expenses capped at 0.15%.

Pru staff vote for industrial action over offshore annuities move

The action will come into effect from 31 August.

Profit falls 71% at Bob Diamond's Atlas Mara

Loan impairment charges for the interim period rose to $9.1 million from $6.1 million recorded a year ago.

Schroders revamps Asian bond chief’s fund as credit vehicle

Strategy to be US-denominated approach focused on regional credit

Damac signs £200m deal with Lendlease to build Versace-designed Aykon London One residential tower

Move indicates confidence in the economy post Brexit

Bulgaria's Expat Asset Management to launch first ETF on Sofia bourse

Individual investors will be able to buy and sell shares of the fund on the secondary market of the BSE

Where the Old Meets the New

An insurance startup is cooperating with a bank for the first time in Germany. The online subsidiary of Frankfurter Sparkasse, 1822direkt, and the insurtech Getsafe are joining forces to compete with insurance brokers.

Inside the secretive US hedge fund stalking British companies

The Libertad’s crew had rejected a request to move the 113-yard long, three-masted vessel to another mooring to help ease the blockage. So port officials took it upon themselves to shift the Libertad.

Helvetica Property Investors is launching its first regulated Swiss Real Estate Fund for Qualified investors

Subscription period begins on 12 September 2016

Goodbody dismisses Investec takeover speculation

Fexco took control of firm in 2011 with Goodbody keeping a 25% holding, now up at 49%

Seller’s Paradise: Companies Build Bonds for European Central Bank to Buy

Two European firms have sold debt directly to the ECB through private placements, a startling example of how the market is adapting to extremes of monetary policy

Neil Woodford’s Investment Firm Scraps Bonuses for Single Salary

The benefit plan also includes life insurance and medical care for the 35 staff, including seven on the investment team.

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