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

Investment trusts on Cofunds would help: Chelsea

Darius McDermott, managing director of Chelsea, said the firm had “never been anti-investment trusts”

Cofunds holds on to top spot on the Platforum's latest AUA table

Novia, Aviva, Raymond James and Aegon also all grew their platform assets by at least 10 per cent in the three months to the end of last year.

Generali Swings to Quarterly Profit After Year-Ago Writedowns

Assicurazioni Generali SpA, Italy’s biggest insurer, reported a fourth-quarter profit after booking a loss a year earlier on writedowns of equity holdings.

Provider-backed platforms lead the way in Europe

UBS, Allfunds, Credit Suisse and Cofunds have emerged as the biggest platform providers across Europe.

Neuberger Berman Brings Us Long-Short Fund to Europe

Neuberger Berman has launched a US long-short equity fund as a sub-fund of its Irish-domiciled Ucits fund umbrella.

Cazenove multi-managers stand firm with Majedie fund

Marcus Brookes and team plan to keep stake in hard-closed long/short equity fund.

Asian Insurers invest £40 million into Schroder UK Property Fund

Two large Asian insurance companies have chosen to invest £40 million into SPF, providing further evidence of the growing diversity of the investor base since its conversion.

Should investment integration headaches scupper a takeover?

The perils of integrating investment propositions is one of the lesser publicised aspects of the latest mergers and acquisitions (M&A) trend that is gathering pace in UK wealth management.

2013 results confirm strong growth story at AXA IM

Positive net new money of €12.2 billion driven by third party assets

Skandia sets out WealthSelect re-reg policy after adviser concerns

Skandia has set out how assets can be re-registered away from its WealthSelect range of discounted funds.

BlackRock’s Euro assets liquidity fund reaches €1 billion milestone

Financial institutions and corporations use money market funds to manage their cash as they offer stability, daily liquidity and diversification benefits.

Skandia unveils offshore bond-wrapped structured products

Skandia International is offering Investec autocall structured products in an offshore wrapper.

CACEIS wins fund admin mandate for new ABN Amro ETFs

Dutch state-owned bank ABN Amro has picked CACEIS to provide fund administration to a pair of newly launched exchange-traded funds (ETFs).

Ex-Hermes director calls for data on fees

David Pitt-Watson, a former director at Hermes Fund Managers who is now a fellow of the London Business School, has launched a campaign against high asset management charges.

Fee cap plan raises threat of litigation

The government’s proposal to cap pension fund fees at 0.75% of savings risks future litigation, the head of defined contribution at JP Morgan Asset Management warned at the National Association of Pension Funds’ conference last week.

Investors Capital Amends Investment Management Agreement

Investors Capital Trust PLC Monday said it has agreed a reduction in the base management fee payable to F&C Investment Business Ltd, under the investment management agreement, and the removal of the performance fee.

Hargreaves Lansdown's latest rival opens for business

Competition for investors' money has stepped up a gear with the launch of Britain's latest "fund supermarket".

Malaysian conglomerate buys into London property firm

After taking over British luxury car dealer HR Own Plc, the local arm of Malaysian conglomerate Berjaya Group beefed up its investments in London with the acquisition of a stake in a real estate company.

BlackRock Asia head takes over Pacific equity fund

BlackRock’s head of Asian fundamental equities has assumed control of the group’s Pacific Equity fund following the departure of Rob Weatherston, it has emerged.

Paulson takes a punt on Spanish property bounce

Spain's benchmark stock index gained 27pc in the past year amid signs that the economy is recovering from two recessions.

Alternative Investments