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

Invesco acquires Manchester offices

Bruntwood has sold the building to enable further growth and diversification in its portfolio and this sale is a key part of its growth plans in their core cities.

European hedge fund stars profit in buoyant January

Shrugging off a disappointing 2011, in which the average hedge fund lost around 5 percent according to HFRI, managers profited from gains in most assets as investors bet a solution could be found for the euro zone's deepening debt crisis.

Church of England doubles hedge fund investments

About 10 per cent of the Church capital is invested with hedge fund managers, up from 4 per cent at the end of 2009.

Santander in talks to purchase Polish lender

At a press conference to present Santander's full-year results, Botin didn't elaborate on the negotiations, nor did he disclose the name of bank that could be purchased.

TPG Capital to acquire hedge fund services firm

TPG is offering 435 pence-per-share for GlobeOp, representing a premium of around 22.5 percent to GlobeOp's closing share price of 355 pence on Jan. 31.

Cordea Savills buys German rival to expand property there to €1bn

The expansion in central Europe comes as banks holding property outside central Europe continue to take massive write-downs on these holdings.

EU lawmakers stall new derivatives rules

The dispute centres on how much power should be given to an EU agency to oversee derivatives, one of the most opaque areas of finance, and once described as "financial weapons of mass destruction" by billionaire investor Warren Buffett.

Jefferies buys RBS' historic UK broker

Hoare Govett had been one of the most historic and prestigious brands in British stockbroking for much of the 20th century, along with Cazenove, but analysts felt its brand value had been diluted after it got absorbed into ABN AMRO.

Hedge funds brace for euro zone break-up

Managers are also trying to dig out old computer programs they once used to model the behavior of currencies such as the drachma or the deutschmark as they prepare for an event for which -- even after the 2008 collapse of Lehman Brothers -- they effective

Wermuth Asset Management Launches Cleantech Fund

First ever international cleantech fund to focus on Russia International cleantech expert Daniel Colbert hired to run the fund

EU to clamp down on derivatives trading

Crucially, each sale, which in the past has sometimes been recorded by no more than a fax, will be registered centrally for regulators to see.

Investec acquires Irish wealth manager

Originally founded by Dermot Desmond in the 1980s. It currently employs 120 people and has around €1.3 billion of private client funds under management.

Natixis To Establish Mortgage Bank In Germany

Two senior German executives have been appointed to the management board.

RAM acquires two funds totalling $116m

Renaissance Asset Managers has acquired the mandate for two funds from specialist emerging markets house Griffin Capital Management.

KPMG Annual Review 2011 Highlights Client Focus of Fastest-Growing of the Big Four

Multimedia Review depicts people, organization continuously adapting to meet client and community needs

BNP Paribas Securities Services Expands its Hedge Fund Administration Services

BNP Paribas Securities Services today announced the roll-out of a major investment programme to expand its hedge fund and fund of hedge fund administration services, for both UCITs and offshore funds.

Asian investment into London office market soars

Total investment volumes in the Central London office market reached £10.8 bn in 2011, with international buyers representing 60% of total investment volumes. Asian buyers accounted for 16% last year, up from 6% in 2010.

London-based hedge fund to cut $75m of costs as investors seek safety

The fund revealed in a trading statement on Wednesday that it intends to make $75m of savings, including pay cuts and job losses, $50m of which will take place this year.

Top fund manager backs Government on executive pay reforms

Fidelity, which has more than £165bn in funds under management, said that in the interests of "simplicity and transparency" variable pay for directors should be subjected to a shareholder vote requiring 75pc approval.

Abu Dhabi fund backs UniCredit

The share sale, known as a rights issue, is being watched as a barometer of investors' willingness to recapitalize Europe's troubled banking sector.

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