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

Standard Life blocks withdrawals from life bonds

The insurance giant has confirmed customers invested in some of its bonds are temporarily unable to withdraw their funds if part of their investment was held in insured property funds.

Aviva Investors' profits rise 48% while Aims assets double

Operating profit is up 13% to £1.3 billion for the group as a whole.

European bank ETFs get regulatory boost amid post-Brexit recovery

Banking ETFs saw their value fall around 14% in the four days after the referendum on 23 June in sterling terms.

Société Générale Profit Lifted by Stake Sale

French bank makes gain from the sale of its shares in Visa Europe

Finnish investment funds have almost €5bn worth of assets in UK

The value of the funds was affected particularly by the sharp fall in share prices and the pound in the immediate aftermath of the referendum.

Italian bank Intesa SanPaolo sees Q2 profits dip slightly

Revenue was up to 4.61 billion euros from 4.51 billion euros.

Rewarding failure? The lack of transparency in fund manager pay deals

Bonuses are also based on an assessment of the level of the risk taken, as well as assets under management.

Aviva to hand over half its earnings

An increased dividend and a frozen property fund, what next?

Aberdeen Asset Management eases property fund restrictions imposed after Brexit vote

Asset manager had imposed 19% levy on customers wanting to cash in holdings following the vote.

Platform to open up senior secured corporate bond market for investors

The first bonds to land on the platform were issued by Vue Entertainment, New Look and Enterprise Inns.

London asset manager buys Religare realty fund

TCP's ultra high net worth clients are said to be mostly Middle East billionaires.

Arthur J Gallagher acquires Orb Financial Services

The acquisition by Arthur J Gallagher, which now operates from 17 offices across the UK, will also provide Orb with the scope for additional capacity and scale.

GEM managers: The key drivers powering our portfolios in H2 and beyond

Six managers reveal top ideas

Billionaire investor Howard Marks just dissed hedge fund 'geniuses'

The alternative-investment giant, which manages $98 billion, reported earnings on Thursday.

Fortress To Shut Centaurus Unit, Continuing Hedge Fund Reduction

The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on corporate changes such as mergers and restructurings in Europe, Asia and Latin America.

Investment firm DMS to create 50 new jobs in Dublin

DMS has offices in the Cayman Islands, New York, São Paulo, London, Luxembourg, Hong Kong and Ireland.

Hedge Fund Reveals Losses After Brexit Vote

Toscafund Asset Management LLP, founded by trader Martin Hughes and with more than $4 billion in assets, told clients in a note this month that its flagship Tosca fund lost 14.7% in June.

Sahara rejects $1.3 billion offer for sale of three prized overseas hotels

"This is a long-term investment opportunity for us. We have submitted a very compelling offer. It is now up to the Supreme Court and the Roy family."

City of London eyes alternative to 'passporting' to link with EU

The idea was to take advantage of provisions in law that allow funds to tap potential investors across the EU, without the laborious process of seeking approval from every country they want to do business in.

JPMAM renames Cautious Managed fund and cuts AMC

Re-branded as Global Macro Balanced fund

Alternative Investments