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

An East German Bank Is Now Offering A Karl Marx Credit Card

This moment of historical irony arose from an online poll posted on the bank's website.

Gender still a barrier to success, say hedge fund women

Most women in the hedge fund industry do not work in portfolio management positions, which create the performance upon which the hedge fund industry is built.

World’s top investor eyes emerging markets

On Monday the fund said it had selected six asset managers to invest an undisclosed portion of its allocation to foreign equities.

BlackRock makes acquisition and expands Swiss presence

The transaction extends BRPEP's investment capabilities into infrastructure investing, expands its European and Asian footprint, and establishes the unit's presence in Switzerland where BlackRock has a long-standing presence and history of servi

Metro Bank pilot offers loans through brokers

Metro Bank last week launched a pilot programme to offer mortgages via brokers for borrowers in London and the South-East.

Aviva could shed 15 divisions

In a strategy presentation to be given to analysts this week, John McFarlane, the recently appointed executive chairman, will reveal that of the 58 business divisions identified in the company, between 10 and 15 could be sold or wound down.

ABN Amro Completes Sale of Insurance Unit

Dutch lender ABN Amro Bank NV Monday said it has completed the sale of its commercial insurance unit to U.K.-based insurance broker Aon PLC for an undisclosed amount.

Societe Generale SS wins “Fund Administrator of the Year” award

Societe Generale Securities Services (SGSS) has been awarded the title of “Fund Administrator of the Year” for the second consecutive year at the Global Investor / ISF* Investment Excellence Awards, which were held in London on 28 June 2012.

UBS Breaks Launch Record with 64 New ETFs in London

Swiss bank UBS on Thursday launched 64 new exchange traded funds on the London Stock Exchange to break the one-day launch record.

Mattioli assets hit £3bn ahead of discretionary launch

Sipp provider, which is set to launch a discretionary portfolio management proposition, sees assets jump by a third.

Waltham Forest Pension Fund to look for hedge fund managers

Separately, the equities portfolio was reduced to 59% from 74%, split between U.K. equities and global equities.

London-based fund buys 5 pct of Italy's UniCredit

Pamplona - headed by Alex Knaster, a former Alfa Bank Chief Executive - already owned just under 2 percent of UniCredit, a stake too small to be made public under Italian disclosure rules.

Convictions AM Outsources Fixed Income Dealing to BNP Paribas

Convictions AM, which currently manages EUR 628 million, wanted its portfolio managers to focus first and foremost on investment analysis and selection in order to adapt to challenging market conditions.

Lyxor launches two new "risk-balanced" ETFs

Lyxor Asset Management has launched two new ’risk-balanced’ ETFs on NYSE Euronext Paris.

Asian asset managers lose interest in Europe because of AIFMD

Matt Feldmann, partner at Clifford Chance, believes that the AIFMD, which is scheduled for implementation in 2013, is the primary concern of most Asian asset managers for erasing Europe off their radar.

Northern Trust re-appointed to provide Investment Operations Outsourcing to Generation Investment Management

Generation first appointed Northern Trust in 2005 to provide custody, investment operations outsourcing, fund accounting, transfer agency, performance measurement and client reporting across its fund range domiciled in Dublin and Delaware.

SGSS rolls out UCITS turnkey solution for asset managers

The UCITS label enables asset managers to distribute UCITS funds in every member country of the European Union. It also offers guaranties of transparency, risk control and liquidity for investors.

Societe Generale SS mandated by Hansainvest Lux S.A. in Luxembourg

Hansainvest has chosen to adopt the whole range of the completely modular KIID services offered by SGSS

Hedge funds get exotic in hunt for profits

How exotic? How about portfolios betting on Chinese companies embroiled in fraud probes? Or funds looking to arbitrage prices in the electricity market?

Santander asset management renames funds of funds

Santander Asset Management is renaming seven multi-manager funds to reflect the IMA’s overhaul of its mixed-asset fund sectors.

Alternative Investments