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

LaSalle wins £750m Greater Manchester Pension Fund property mandate

The pension fund decided to outsource its domestic real estate portfolio last year.

James Hay parent to sell Irish advisory businesses for £10.8m

The sale of its Irish operations will allow IFG to invest in SIPP, SSAS and wrap provider James Hay and hourly-charging IFA Saunderson House

Russia’s NWF to Provide Capital to VTB Bank and Rosselkhozbank

Western sanctions have negatively affected Russia’s financial system.

Aviva Investors beefs up £76m domestic solar portfolio

Aviva Investors has stepped up its interest in the domestic solar rooftop sector, announcing yesterday that it has acquired a second portfolio of residential solar projects from Zouk Capital.

BlackRock to advise ECB on bond-buying plan

BlackRock Solutions was appointed by the Greek central bank this year to investigate the balance sheets of its four big banks and worked with the Bank of Ireland during the euro zone debt crisis.

Private equity investor sells German property bank

The disposal of Duesseldorfer Hypothekenbank follows the sale of Lone Star’s Corealcredit to Aareal Bank last year and leaves the investor with IKB, the corporate bank it has tried unsuccessfully to sell so far.

Barnett Waddingham acquires Sipp provider

Barnett Waddingham has acquired Wirral-based Sipp and SSAS provider Harsant Pensions for an undisclosed sum.

IMA: Tracker funds net retail sales highest on record at £532m

Tracker funds saw net retail sales of £532m in July, the highest level since Investment Management Association (IMA) records began twenty two years ago.

Europe-focused hedge fund industry produced a return of 2.1 per cent in the first half of 2014.

The latest edition of The Cerulli Edge – Europe Edition, looks at the reasons behind this underperformance, and suggests why active management will play a greater role than it did just a few years ago.

Prudential switches ACD on funds to Capita

The fund names will be prefixed with the initials CF

Invesco loses further £640m to Woodford fund

Skandia is owned by Old Mutual Global Investors.

US fund managers lose out to European rivals

European fund managers reclaimed territory from their US rivals in the first half of the year, taking three of the top five spots in the league table for net sales in Europe, according to Lipper data.

The investment trust weathering the storm for smaller companies

After many years of outperforming large company stocks, shares in smaller businesses have been struggling this year, although the performance of investment trusts focused on the 'small cap' market hasn't been that bad.

W. P. Carey acquires Scottish trade counter portfolio

Trade counter assets are typically high volume showrooms or light retail businesses that require an element of retail space and use the balance of space for warehousing inventory and/or office purposes.

Hedge Funds Invade Europe, But Culture Shock Awaits: FT

Stock pickers may not be popular in the U.S., but hedge fund managers are hoping to make a splash overseas as the pour into Europe, searching for opportunities amid a market where shaky economics have primed companies to receive their constructive critici

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