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

Rothesay Life buys £6bn annuity portfolio from Aegon

It is also the first substantial annuity transfer since Solvency II came into force in January 2016.

Deutsche Asset Management extends fixed income strategic beta ETF range with emerging markets launch

Deutsche Asset Management has launched a quality-weighted fixed income ETF that provides exposure to emerging market sovereign bonds. The ETF has listed on the London Stock Exchange and the Deutsche Börse and follows the December 2015 launch of Deuts

Asset managers hiding £1.75bn in fees, report claims

The investment manager, which campaigns on charges transparency, says that hidden execution and research costs and transaction taxes amount to 0.38 per cent of fund assets a year on average.

Stability and diversity are hallmarks of Maltese economy

The Maltese economy today is diversified and supported by sectors such as ICT, advanced manufacturing, maritime and life sciences, besides tourism.

New Irish private equity firm launches first €60m fund

New Irish private equity firm Causeway Capital has launched its first fund to be invested in small and medium businesses in the UK and Ireland.

Morningstar Announces Agenda for 10th Investment Conference, London, 10th-11th May 2016

Headlining presenters include Richard Buxton, Head of UK Equities and Fund Manager, Old Mutual Global Investors, who will discuss macroeconomic issues facing today’s equity investors.

7IM buys gold for first time in three years

The team has also increased its allocation to US inflation-linked bonds from 2 per cent to 8 per cent, funded from cash weightings.

GE Money Bank plans share sale on Prague Stock Exchange

The bank said Citigroup, Goldman Sachs International and J.P. Morgan have been appointed as joint global co-ordinators and joint bookrunners to the offer

Daily Mail parent in talks with private equity for Yahoo bid

DailyMail.com and MailOnline are the celebrity-focused news websites of the right-leaning London-based Daily Mail newspaper.

U.K. Bank Acquisition Vehicle NBNK to Close Without a Deal

The company raised 50 million pounds ($71 million) in its 2010 initial public offering and planned to gain as much as 6 percent of the U.K. banking market

Institutional investors drive German fund flows

Open-ended real estate and multi-asset funds saw the highest sales, receiving positive inflows of €0.9 billion and €0.4 billion respectively, while equity and bond funds reported outflows of €0.7 billion and €1.8 billion.

Dunedin Enterprise to wind up

Dunedin announced its intention in February as it exited from its biggest holding CitySprint, making a 180 per cent return on its original £10m investment six years ago.

A $5.2 Billion Bet on Junk Bonds: France’s Numericable Completes Record-Setting Sale

Biggest-ever sale of a single tranche shows strong demand despite recent junk-bond market selloff

Investors ‘dancing on a volcano’, says Carmignac

Saint-Georges said monetary policy alone could not solve the current problems and expectations of rate rises, notably in the US, were not the encouraging signs many investors believed them to be.

Standard Life Investments sells minority stake in Argonaut Capital to founder

The deal, which is subject to completion via a scheme of arrangement and regulatory approval, is expected to close in June, an Argonaut spokesman said. Financial details of the deal were not disclosed.

Cluttons Predicts UK Commercial Property Returns To Halve To 6.5% In 2016

Cluttons cite slowing GDP growth and Brexit fears for creating uncertainty in the commercial property investment market, which has consequently led to lower returns.

Blairmore investment fund loses 8% in 5 years

The value of the fund, which invests in international equities including Alphabet, Walt Disney and Amazon, fell from $50m in 2010 to $30m this year.

Closet trackers v. ETFs: Go compare – if you can

Yesterday’s news that the FCA found strategy descriptions lacking in a handful of closet tracker funds is hardly a great surprise. Few managers would admit they charge full-on active rates for doing very little real work.

Nine things you need to know about working for systematic macro hedge funds, by Winton Capital

Winton has a reputation for hiring PhD-level scientists with data and research backgrounds. However, it’s not averse to hiring former bank staff.

Fiera Capital expands distribution reach in U.K. and Europe

Fiera Capital is pleased to expand its presence in the European market through this partnership with Bedrock," said Jean-Guy Desjardins, Chairman and Chief Executive Officer of Fiera Capital.

Alternative Investments