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

Franklin Templeton unveils Global High Income Bond Fund

The fund was launched last Friday and has a range of share classes available across Europe.

Top European hedge fund launches U.S. investment firm

Total assets under management grew to $36.7 billion on 30 June, up from $34.2 billion on 30 December.

BlackRock unveils RDR-ready fund quintet

Tony Stenning said the BlackRock Consensus Funds, a collection of five funds, offered simple, cost-effective and diversified core asset allocation portfolios, with independent risk ratings on each fund to help advisers tailor them to their clients’

London Stock Exchange boosted by FTSE acquisition

The higher revenue hike was largely down to the inclusion of an estimated £35m pounds from the FTSE index business the exchange bought in December.

Man Group complete purchae of FRM Holdings

The deal was originally announced in May.

Fund managers expect more trouble in Germany

Europe’s debt crisis is by far the biggest worry worldwide, with the US “fiscal cliff” and China’s property slide well behind.

Discrete Monaco family offices display substantial demand for hedge funds and alternative investments

About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.

Threadneedle set to launch absolute return commodities fund

The fund is aiming for a return of 10 per cent to 15 per cent and will have a market neutral strategy.

Edhec-Risk Institute proposes new method for assessing hedge fund performance

In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns.

Swiss & Global Takes RBC Dexia for ETF Administration

RBC Dexia has announced its investor services arm has been chosen by Zurich-based Swiss & Global Asset Management, which manages over 100 funds for private bank Julius Baer, to provide custody and fund administration for four recently launched exchang

AIMA supports removal of ban on general solicitation and advertising by US hedge fund managers

In its response to the US Securities and Exchange Commission (SEC) ahead of the SEC’s implementation of the JOBS (Jumpstart Our Business Startups) Act, AIMA said it supported the legislation’s purpose of improving access to capital and enhanci

The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.40% in June

Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, May and YTD 2012 performance numbers are listed below and are available at www.hedgeindex.com.

Henderson acquires French asset manager

Founded in 1998, Horizon focuses on advising on asset management in the French real estate market and comprises a €250 million Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.

Chinese Billionaire To Revive Iceland Deal

A Chinese billionaire whose bid to buy Icelandic land was blocked by the local government last year, said he’s secured a deal to lease the property instead, helping him revive his resort project.

Europe retail bank profits to sag on rules: McKinsey

RoE in Germany will fall to 4 percent from 7 percent and in Italy it will drop to 3 percent from 5 percent, McKinsey estimated.

BNY Mellon appointed by Menzis in the Netherlands

BNY Mellon has been appointed by Menzis to provide custody and other value added services as part of a fully integrated servicing solution.

U.S. insurer plans skyscraper in London's financial heartland

While many investment banks have moved to the Canary Wharf district in recent years, attracted by large trading floors and cheaper rents, insurers have been the only bright spot in an otherwise moribund lettings market in London's traditional financi

Threadneedle launches the (Lux) Absolute Alpha fund in Italy

The fund is domiciled in Luxembourg and mirrors the strategy of the existing Threadneedle Apex European fund.

European banks turn to credit insurance in Asian market

Structured trade credit insurance covers the risk of non-payment from a buyer for goods and services or a borrower for trade-related loans.

Hedge funds pin hopes on French revolution

It is a Europe-wide trend but one that matters in France, where big investors such as insurers and retirement funds - holding 2 trillion euros assets - are more risk-averse and put less into hedge funds than peers abroad.