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

M&G American and M&G Global Leaders removed from the Wealth 150

The M&G American Fund and M&G Global Leaders Fund have been removed from the Wealth 150 list of our favourite funds across the major sectors.

Deutsche Boerse: Joint Venture Scoach Ending June 30

The venture, offering structured products in Switzerland and Germany, will be terminated

Henderson Strategic Bond Fund removed from the Wealth 150

Over the past three years, conditions have generally been favourable for bond markets, but where there have been setbacks the fund has not offered as much shelter as we would expect.

Standard Life leaves Bumi fight in balance

Standard Life’s decision comes a day after one of the Bakries’ allies unexpectedly sold a 10 per cent stake.

Two new deputy chairmen and investor-appointee for AIMA council

The Alternative Investment Management Association (AIMA), the global hedge fund association, has announced two Deputy Chairmen from its existing Directors and also an investor-appointee to the AIMA Council.

Canadian life insurer acquires Irish Life Group

This transaction reflects a major vote of confidence in Ireland and Irish Life

RBS Looks to Sell Minority Stake in Branches Before Going Public

Offering one or more of the private equity firms a stake could improve the bank's chances of achieving the full sale

Crispin Odey to launch multi-asset fund

Hedge fund guru slates multi-asset long-short fund for March launch.

Aviva mandates Barclays to sell Turkish unit

Since the departure of chief executive Andrew Moss last year, Aviva pledged it would dramatically overhaul the company by focusing on fewer businesses and shedding those that have high losses and high claims.

City of London forges stronger financial ties with the DIFC

Dubai International Financial Centre received the Lord Mayor of the City of London

BNP Paribas mandated by AG Insurance for global custody services

This will not only ensure the safekeeping of assets, and the appropriate post-trade services, but will also ensure that the client is fully compliant in the environment it operates in.

LGT Capital Partners Closes on CGS III at $2bn

The program’s investor base consists of more than 80 institutions and includes sovereign wealth funds

Skandia reports 7.3% return for owners in first year of independence

This was more than double the 3.1% total return reported for 201

Skandia International unveils new RDR ready offshore bonds

The new bonds will be compatible with the RDR requirements and will be powered by Wealth Interactive, Skandia International’s new wealth management service.

Zurich UK Life operating profits up 9%

New business value for the UK arm of Zurich was up 28% at £123m

Indonesian investor said eyeing Henderson London office

The agreement would allow Henderson to resurrect the sale of the site in mid-town near Covent Garden after an deal with Germany’s Deka fell apart.

Abu Dhabi Fund Said Close to Buying RBS’s 42 Marriott Hotels

The sovereign wealth fund, also known as ADIA, has been a preferred bidder since last summer and the sale includes hotels in London and Edinburgh, the person said, asking not to be identified because the deal hasn’t been made public.

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 2.07% in January

January 2013 and December 2012 performance numbers are listed below

Man Group set for management shake-up

The overhaul will amount to a significant consolidation of Mr Roman’s own power base in the company and will indicate the extent to which he will exercise far more executive control over its day-to-day operation.

Miton's Gervais Williams handed back flailing Henderson Fledgling Trust

Williams managed Henderson Fledgling for ten years while he was at Gartmore

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