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

Financial spread betting firm eyes £1bn float

Former Tory co-treasurer says the firm could be listed in “months” if the market is right

L&G To Shut Down Ipswich Office

Insurance group Legal & General has revealed plans to shut down its Ipswich office in a move that is expected to result in approximately 140 job losses.

Skandia U-turns on £640m Woodford switch and Invesco closures

Skandia now says it has listened to further feedback and has been told by advisers that there is sufficient demand for the Invesco funds to remain open.

European Capital Debt Management closes debt finance fund

European Capital Debt Management Limited announced today that it has closed its new £100 million fund, European Capital UK SME Debt LP, a fund to provide debt finance in small and medium sized enterprises in the UK

ECI Partners notches up largest fund in its history

The group’s 10th fund became oversubscribed largely because ECI’s existing backers, which committed about 80 per cent of the capital, increased their investments by a third, on average.

Regulatory Costs Aside, Firms Aim to Keep European Limited Partners

BV Investment Partners, which this week closed its eighth buyout fund with $487 million, said this time around it made a concerted effort to build out a new base of limited partners in Europe.

JPMorgan Sees ECB Buying $53 Billion of Asset-Backed Bonds

The ECB is preparing to buy ABS as it strives to revive lending to small-and medium-sized businesses that employ about 70 percent of the European Union’s private-sector workers.

Billionaire investor taps Deutsche and UBS for hedge fund portfolio IPO-sources

Sources say they expect the closed-end fund to be listed on the London Stock Exchange before the end of the year.

Aberdeen Asset Management's SWIP acquisition takes Deal of the Year award

Fund manager's £550m acquisition of Scottish Widows Investment Partnership also won the Acquisition of the Year award

Equilibrium readies launch of in-house range

The firm said using its own funds will cut down on platform costs, and allow it to input any changes more quickly.

Cordea Savills Real Invest 1 buys two German assets for over €120 million

Cordea Savills has purchased two assets for over €120 million after further fundraising on behalf of Cordea Savills Real Invest 1, a German “Spezialfonds” for institutional investors.

CIB partners with Aviva on affinity product

The Collinson Group's broking division CIB has partnered with Aviva to offer affinity home insurance to corporate partners.

Miton drops PSigma brand

The Miton Group is to rebrand the PSigma funds it acquired last year with its own name.

AIMA updates flagship DDQ for hedge fund managers

The Alternative Investment Management Association has published an updated edition of its flagship due diligence questionnaire (DDQ), the AIMA DDQ for Hedge Fund Managers.

Chestertons launches London's AED821 million 'The Landau' project for Dubai investors

The project is based on the former site of one of London's largest horse drawn carriage depots that used to store the elegant landau carriages.

Ashmore launches trio of RQFII funds

Despite suggestions of tepid global demand, the UK firm is bolstering its China dedicated strategies with three actively managed debt, equity and multi-strategy RQFII products.

Russia Said to Prepare Transfer of $10 Billion Fund Out of Sanctions' Reach

Russia is preparing to transfer the ownership of a $10 billion sovereign wealth fund to the central bank from a sanctioned state-development lender, according to two people with knowledge of the plan.

South Africa’s Bidvest mulls London IPO

Bidvest, one of South Africa’s largest conglomerates, is considering listing its food services business in London to help fund acquisitions and growth, in the latest sign of African companies tapping the UK capital markets.

Standard Life sees discretionary inflows hit £125m

As the UK’s wealth is increasingly moving to an older demographic, the combination of tax optimisation and investment strategies is vital.

Dutch pension fund awards €3.2bn fiduciary mandate to F&C

The contract will run for an indefinite period, but the scheme’s intention is to stay with F&C for 3-5 years.

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