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

Citigroup Wins Business of Norway's Giant Wealth Fund

While the loss of Norway's oil fund as a client is a disappointment, the bank hopes to win at least two similar- sized mandates in the near future.

Dutch pension fund major APG forms $300M venture with Xander to buy office properties in India

Two years ago APG inked a similar venture in partnership with Godrej Properties and others for residential properties.

EquityBridge Asset Management funds two Union Hanover transactions

EBAM also provided the acquisition finance for Union Hanover’s forward funding

Alix Capital creates fixed income index for Aurelys SA China’s interbank bond market opens up for UCITS asset managers

Schroders has confirmed the launch of a new externally-managed fund on its GAIA platform Schroder Paulson Merger Arbitrge, subject to regulatory approval.

Profits surge at Rising Star's commodities hedge fund

The firm’s chief operating officer who was previously a partner at Camargue Capital Management. The firm gained UK regulatory authorisation in June 2012 and launched its energy hedge fund on July 1.

Invesco CEO shoots down analyst fears over Woodford competition

Flanagan acknowledged the decision by St James's Place to withdraw almost £8bn

Standard Life annuity sales hit by Budget

Standard Life chief executive Davis Nish says he is all for the reforms to regulations on annuities

Online broker to exit Britain

Said in its first-quarter results statement that its Selftrade online brokerage in Britain had signed an exclusivity letter with Equiniti Group for the transfer of Selftrade's client portfolio this year.

KfW joins renminbi bond fray with first Frankfurt-listed deal

KfW may have sold the first Frankfurt-listed Chinese renminbi bond this week, but some market watchers say the Triple A rated issuer’s new sale is a long way off from providing the impetus for a larger shift in Dim Sum market dynamics.

Goldman Sachs, Lazard Defend Advice in Royal Mail Share Sale

Investment bank had no role in allocating Royal Mail shares to its asset management unit

Saga puts retail investor at heart of London float

Saga he over-50s holidays-to-insurance provider, yesterday unveiled plans for the biggest flotation in London this year, as a stampede of silver haired savers registered to snap up shares in the listing.

Aviva multi-asset closure paves way for Gars-like launch

Aviva has closed its Diversified Assets fund as part of an ongoing rationalisation of its fund range.

Schroders liquidates Alt Ucits credit fund

According to company data, at the end of February this year, the fund, which had featured on the firm's liquid alternative platform GAIA, had $136 million (€98 million) in assets.

Multi-asset tops FundsNetwork bestsellers

Investors appear more cautious as Mixed Investment 20-60 per cent shares funds edged out UK Equity Income in FundsNetwork’s March adviser sales.

Santander plans first dollar Additional Tier 1 bond

The notes are expected to be rated Ba3 by Moody's

Sweden SMEs seek angel investors

Swedish companies are looking towards Malaysia for venture capital and angel investors for its small and medium enterprise sector.

LaSalle wins US$207 million BVK mandate

The mandate will be managed by the firm’s dedicated securities group, LaSalle Investment Management Securities.

Artemis to take over management of Mid Wynd IT from Baillie Gifford

Artemis will now take over management of the trust on 1 May

BlackRock launches Asian special sits fund for Swan

BlackRock is to launch an Asia Special Situations fund for Andrew Swan and Emily Dong, after bringing its first Asian equities fund to the UK market last summer.

Henderson credit team bumps up CoCos coverage

The huge potential increase in contingent convertible bonds issuance has led Henderson Global Investors to add resources to specifically cover the asset class.

Alternative Investments