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

Rice & Russell receive FCA approval for new funds

The Financial Conduct Authority (FCA) has approved four new funds from Sanditon, the firm created by former Cazenove managers Tim Russell and Chris Rice.

Aegon UK working with IFAs to boost protection division

Speaking as the company hired two people to help drive the growth of the protection division, Mr Grant said that Aegon had exciting and ambitious plans for the business.

BNP Paribas REIM Germany reaches €94m 2014 debt acquisition

BNP Paribas REIM Germany, participating in a junior loan tranche of €24m of the Düsseldorfer Hypothekenbank as its latest deal, has now acquired €94m in debt year to date for its credit funds, and said it expects to conclude more transactio

SLI profits up sharply on big increase in fee revenue

Operating profit at parent group Standard Life + rose more than 10% over the period from £304 million to £339 million

Praemium to sell Smartfund range in Europe, Asia and Middle East

It has also increased the level of active management on its five Smartfund sub funds, and has restructured the portfolio range from an authorised unit trust structure to an open ended investment company structure.

Qatar royal family said to be bidding for the Gherkin

The Frankfurt office block, The Squaire, has a price tag of €850 million

Carlyle see Q2 earnings double

You have to be careful about businesses that rely on the consumer in Italy or Spain

Investcorp reports fifth consecutive year of profits, with 25% increase in net income for Fiscal 2014

Our strong performance once again confirms the success of our model

Aberdeen Gets Asian Institutional Money For Infrastructure Fund

Aberdeen Asset Management has raised $168 million from Asian institutional investors for its fifth infrastructure fund, which will aim to invest in social and economic infrastructure projects supported by long-term government contracts.

Aviva Plans To Cut Millions From Tax Bill

The newspaper cited comments made by Stoddard at a recent investor day at which he said the insurer has been too focused on producing pretax operating profit.

Man Group Assets Under Management Up 7%

Adjusted pretax profit rose 10 percent to $148 million in the first half from a year earlier, the company said.

Tax haven buyers set off property alarm in England and Wales

At least £122bn of property in England and Wales is held through companies in offshore tax havens where ownership is difficult to trace, a Financial Times analysis of Land Registry data has found.

Sanlam Private Investments reveals mid-year review

Unicorn UK Income is producing “solid” returns despite the death of lead manager John McClure, according to the Sanlam Private Investments Income Study mid-year review.

Australian insurer QBE expands UK presence with new offices in Leeds

Sydney-based insurance company QBE has expanded into the Leeds market, letting office space at McAleer & Rushe’s Central Park development.

Edmond de Rothschild launches Euro IG corporates fund

The fund is a new approach developed from combining three existing bond funds into one new vehicle: the EdR Prifund Bond, EdR Prifund Euro Corporates Bond and the EdR Prifund Bond Eurofunds.

Lyxor launches its first AIFMD multi-manager funds

With this new status, Lyxor is now authorised to offer professional investors in Europe a complete offering of alternative investment solutions and is one of the few asset managers with flagship strategies open for investment under AIFMD.

Multi-asset managers hike cash as fears gain momentum

Multi-asset investors have been upping their cash allocations as fears of a market correction escalate and safe-haven opportunities in other asset classes dry up.

Revenues top £5m at ex-Rubicon pair's hedge fund

Canosa Capital, the Brummer-backed hedge fund launched by two former Rubicon managers, has enjoyed a healthy start, generating over £5 million in revenues since launching a global macro fund last year and seeing assets under management top $1 billio

Lloyds Said to Suspend Two U.K. Traders After Libor Fine

The U.K. bank, rescued by taxpayers during the financial crisis, will pay 105 million pounds

Toscafund joins UK hedge funds in setting up US office

Other hedge funds that have recently opened up US offices include the multi-strategy manager Cheyne Capital, the computer-driven Winton and Odey Asset Management, one of London’s oldest hedge funds.

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