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

ICE pumps $15 million into benchmark business

According to company filings, ICE Benchmark Administration received $13.5 million in funding from parent company ICE in 2013 and has received an additional $2.2 million so far this year.

JPMAM to close five fixed maturity bond funds

JP Morgan Asset Management is to close five of its Luxembourg-domiciled fixed maturity bond funds, citing changes in the market. The funds covered the emerging market debt and high-yield bond spaces and will close on 19 September after their liquidation

RBC Global Asset Management Announces Changes to Four International and Global Equity Funds

RBC GAM-UK specializes in global, European and emerging market equities, as well as global and emerging markets fixed income.

ABN AMRO in clearing contract for Van Breda bank

Bank J. Van Breda & C° has chosen ABN AMRO Clearing as its general clearing counterparty for over-the-counter derivatives transactions.

Capita Financial Managers (Ireland) granted AIFM licence

The licence authorises Capita to take regulatory responsibility for the funds to which it acts as AIFM.

Canary Wharf spreads east with new towers and 3,000 homes planned

Wood Wharf project gets green light in financial hub’s first major expansion since 2008

BNP Paribas awarded EUR 180 billion mandate from Generali

As part of this mandate, BNP Paribas Securities Services will provide global custody services for Generali’s EUR 130 billion portfolio of direct insurance assets held in Europe.

Gottex reports positive performance for alternative and multi-asset product lines

Alternative asset management group Gottex Fund Management has reported combined client assets of USD8.5 billion as at 30 June 2014.

Funds of hedge funds profit from new improved look

Bright-eyed and bushy-tailed from the Nineties into the Noughties, the fund of hedge funds industry emerged from the financial crisis in a bedraggled state.

Dutch pension funds failing to clarify asset management costs, AFM warns

The AFM, together with regulator De Nederlandsche Bank, recently conducted a survey of the annual reports of more than 50 pension funds and concluded that determining exactly how costs related to risk and return was “hardly possible”.

Large houses bow out as new fund groups emerge

Market volatility in the past 12 months, means the 2014 100 Club list throws up some new faces in the group categories.

Braveheart Investment Group reports £807,000 loss

The Perth-based investment company said £822,950 of the losses booked for the year are attributed to its disposal of loss-making corporate finance arm, Envestors, which was offloaded to management last December.

Sainsbury's announces pioneering £200m 'green' loan to fund low-carbon investment drive

Commercial loan hailed as first of its kind, as Lloyds Bank hails important extension to green bonds market

UBS launches Ucits-version of ‘extra yield’ strategy

UBS Asset Management has opened up its long-running Xtra Yield strategy to a wider European investor audience with a Ucits-compliant version of the fund.

Richard Buxton goes for first IPO since 2005

Buxton added SSP to his £1.4bn Old Mutual UK Alpha last week, initiating a 1 per cent position that gives him a “nice base” to grow further as the company progresses.

DAX serves as basis for European ETF in China

We are pleased to launch the Germany DAX 30 ETF & feeder fund

UniCredit receives at least 3 offers for UCCMB unit -sources

UniCredit has received at least three binding offers for debt collection unit UCCMB, which Italy's biggest bank by assets has put up for sale as it tackles its large stock of soured loans.

Privately owned multi-family office partners with Cresco Capital

The partnership also announced its first major property acquisition on Frankfurter Tor in Berlin, which it plans to redevelop into around 552 apartments, including ground floor and basement retail units.

Hedge Fund Standards Board granted membership of IOSCO

More than 120 securities regulators are full members of IOSCO and the HFSB will join 62 other affiliate members involved in the markets, including the London Stock Exchange, Deutsche Börse and the International Capital Market Association.

Green bonds market grows by 60% in a year

Climate bonds initiative could attract up £23bn in 2014, giving a major boost to low-carbon economy

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