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

UK's largest hedge funds manage 82% of assets

This illustrates how important this $2.6 trillion industry is to the UK

Legg Mason lists offshore range on Cofunds

Legg Mason brings four Ireland-domiciled funds onto Cofunds as it looks to expand its UK retail presence

Gazprom shuts open-ended bond fund

GPB Asset Management, a subsidiary of Gazprombank, has announced that it will close its fixed income fund.

Apsley joins forces with PartnerRe to tackle hedge fund AIFMD insurance requirements

The agreement, which has a long term potential, was signed between the parties at the end of 2013.

Aviva could pay CEO up to $8.7 million for first year of turnaround

British insurer Aviva could pay its chief executive Mark Wilson up to 5.3 million pounds for his first year in the job he took on after a shareholder rebellion led to the departure of his predecessor.

Fifth of EU hedge funds negligent on negligence

A fifth of hedge fund managers in Europe have yet to implement new provisions to cover future negligence claims as required under the Alternative Investment Fund Managers Directive.

European central banks may end deal capping gold sales

The negotiations are still ongoing

36 South to Start New Volatility Hedge Fund Targeting Australia

36 South Capital Advisors LLP, whose Black Swan Fund returned 204 percent in 2008, is starting a new hedge fund targeting Australian (ASX) institutions seeking protection from market downturns and additional returns.

French alternative asset manager says being French is a problem

ABC Arbitrage, a French trading group that runs an alternative asset manager specializing in arbitrage strategies, saw its net revenues go down by 46% from last year

Capita to provide services for IBRC commercial property loans

UK-BASED Capita has elbowed past Irish rival Certus for the contract to manage any commercial property loans transferred to NAMA from IBRC.

Ex-IMF chief Strauss-Kahn-led hedge fund aims to raise $2 billion

Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2 billion in a macro hedge fund

Euroclear Sweden extends funds universe via FundSettle

Euroclear Sweden, the Swedish Central Securities Depository, today launches a link to Euroclear Bank's automated processing platform for cross-border and domestic funds - known as FundSettle.

Ipes and Standish Announce Strategic Partnership

Transatlantic Alliance Strengthens Private Equity Fund Services

How Pimco plans to profit from banking normalisation

Playing the normalisation of European bank capital structures will continue to provide opportunities to earn high yield-like returns with lower risk for at least three years

AXA and BNP Paribas mutually agree to terminate their shareholders' agreement

In force for an initial period of three years, this agreement was renewable automatically for successive periods of one year.

Emerging markets-focused asset manager reports AUM Swell

Pretax profit grew to USD9.5 million from USD5.1 million.

Crispin Odey piles into online fashion firm

Shares were priced at 50p giving it a market value of £560m on admission.

City 'superwoman’ to chair film fund

All three have different levels of experience in the film industry, but it is the first time they will have worked together.

GFH Capital placement of prime central London property oversubscribed

The placement was oversubscribed by investors seeking attractive opportunities in the UK real estate market.

Bonus cut hits Garrett-Cox pay package

ALLIANCE Trust chief executive Katherine Garrett-Cox has seen her total remuneration package fall from £1.8 million to less than £1.4m because of a near 30% reduction in her bonuses.

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