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

Currency trading firm FxPro shelves float as FCA crackdown looms

The online trading platform has shelved its IPO indefinitely amid FCA plans to curb spread-betting risks, Sky News learns.

Baillie Gifford slashes American fund fees

We want our American Fund to be as competitive as possible.

Hedge-Fund Secrecy Spurned by ABN Amro’s $27 Billion Pension Pot

Hedge funds tend to be guarded about their holdings and internal workings, a secrecy that’s often criticized by investors.

Finch Group buys Citymain Insurance Services

Broker Network's strategy revamp followed a change in majority ownership from Towergate to Highbridge Principal Strategies.

Money Shop owner put up for sale as payday fee cap hits profits

The owner of one of the UK’s most prominent payday lenders is being put up for sale amid a squeeze on profits, Sky News learns.

Crux acquires Oriel Asset Management

The transfer of Oriel’s funds and team to Crux represents an excellent cultural and corporate fit for both businesses.

Columbia Threadneedle’s Stephen Thornber passes away

He was a terrific influence on people across the whole firm and will be remembered by his colleagues and clients with warmth, affection and great respect.

Euronext makes irrevocable cash offer to acquire LCH.Clearnet SA

It will create a compelling value proposition for customers based on capital efficiencies, product innovation and execution certainty.

The Spanish Stock Exchange Traded €652.9 Billion In 2016

The number of trades in 2016 reached 54.4 million, down 12.1% year on year.

EMA Partners Opens New Office In London

London generates about 20 percent of the U.K.’s GDP, while the economy of the London metropolitan area — the largest in Europe — generates about 30 percent of the U.K.’s GDP.

Former pensions minister Webb and Schroders' Nicoll recognised in New Year's Honours

He joined Royal London as director of policy and external communications for its pensions business in August 2015.

Aegon completes Cofunds deal as it sets out plans for advisers

Cofunds users will also be able to access more products, including the use of exchange traded funds, investment trusts, shares and an integrated pension.

Alven Capital raises $261 million fund to invest in French entrepreneurs

“This €250 million fund — we’re not going to start making very big Series B investments, we’re going to use it on Series A rounds,” partner Jeremy Uzan told me.

Man Group announces completion of the acquisition of Aalto Invest Holding

Aalto will be a central component of the newly formed Man Global Private Markets.

British funds wary of calling end to bond bull market

Those expectations, which have brought gains for US stocks and select commodities, are seen resulting in greater inflation and faster US rate rises.

Singapore’s GIC buys stake in British mall

GIC has made several forays into Europe this year -- in September, it acquired a 7,150-bed student accommodation in what was described as Britain’s largest student accommodation deal this year.

Tycoon who bankrolled Brexit lines up £250m float

Banks is best known for donating £1m to Ukip in 2014, after a public falling out with the Conservative Party.

Carlyle Cardinal fund aiming to step up its acquisitions in 2017

The fund has €150m to invest in around seven more projects in total.

Phoenix Group completes acquisition of Abbey Life business from Deutsche Bank

The sale is thought to be a boost to Deutsche Bank's capital position as in September the US Department of Justice fined the German lender $14bn over alleged mis-selling of mortgage backed securities.

Activist investor Elliott raises its stake in Alliance Trust

Elliott pushed for major changes after claiming Alliance Trust had under-performed its peers and benchmark

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