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

Old Mutual expands LatAm footprint

Old Mutual has announced that its Emerging Markets business will strengthen its distribution capability through the acquisition of a majority stake in AIVA Business Platforms.

HSBC in talks to sell $9.3bn China insurance stake

HSBC sale of Ping An stake could help bank record $6.5bn in pre-tax profits and boost its tier-one capital ratio to 13.6%

tax legislation slamming brakes on London property

In Greater London, sales in the £2m - £5m sector have decreased by a staggering 53% as the effects of the new tax legislation begin to bite

UK focussed funds continued to increase in popularity in October 2012 - RESEARCH

UK focused funds continued to increase in popularity for investors in October, according to the latest analysis from the UK’s largest execution-only retail broker.

Lyxor lists 14 funds on London Stock Exchange

Lyxor Asset Management has listed 14 of its largest and most liquid ETFs on the London Stock Exchange for the UK investor.

The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.18% in October

The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) finished down 0.18% for the month of October.

Sri Lanka based LSE to provide platform for Hong Kong

The project sets up a central gateway to replace the existing distributed gateway infrastructure in the cash market of the exchange.

London Stock Exchange sees profits flat for first half

Total income up 10 per cent at £423.7 million

ICICI Bank to launch execution-only platform

It will give investors access to around 1,500 funds across 90 fund managers

L&G closes in on Cofunds buyout after ‘third round’ talks

Source close to the talks says November 2011 is “still on the table” as it was “never rejected”.

Generali Deutschland net profit rises

The second-largest primary insurance group in the German market is thus continuing its successful development despite a persistently difficult market environment.

Standard Life Investments blasts Xstrata pay plan

"I do think that incentive package should be voted down. I think it is unnecessary..."

Old Mutual launches inflation-beating ‘generation’ multi-asset range

The fund range, called Generation Funds, is aimed at investors seeking regular income, with the funds aiming to generate a total investment return ahead of inflation over a rolling five to seven year period.

Global fund industry rebounds, total assets now $120 trln

"The fund management industry has recovered quickly from the sharp fall in assets under management at the outset of the credit crisis, with most of the recovery coming from market performance rather than new inflows."

Royal Mint expands bullion coin range as demand soars

The Royal Mint has launched a range of products to meet increasing investor demand for its bullion coins.

Thames River survey reveals increase in IMA sectors achieving positive returns

“The increase in the number of IMA sectors that made positive returns for the quarter is a positive sign for markets as well as investors, with decent returns over the year so far now showing through.”

PruProtect targets wealth managers with protection consultants

PruProtect also has a seperate team of 120 business consultants who work with protection advisers and brokers.

London & Capital's Captive division expands investment choice for Cell Captives

London & Capital has introduced an innovative new proposition for ‘Cell Captives’ i.e. smaller Captive Insurance companies.

ICAP warns of toughest market for 36 years

Group revenue fell to £746 million, a 14% decrease

Investors moved back into hedge funds in October - SS&C RESEARCH

Investors put more cash into hedge funds than they withdrew over the past month, attracted back into the sector by one of the few recent months in which managers outperformed stocks, new data showed on Monday.

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