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

Generali to spend 300 mln euros on domestic restructure

The reorganisation at Italy's biggest insurer comes after Greco launched a review after taking the helm in August.

Legg Mason and Permal Announce Acquisition of Fauchier Partners

The transaction is expected to close in the first quarter of 2013.

Standard Life sells Canadian offices for £65m

Edinburgh-based Standard Life said today’s deal means it will receive a one-off boost of around £140m to its pre-tax operating profits in the year to 31 December.

Commodity Market Stable Amid Continued Macroeconomic Uncertainty in November

Commodities were relatively unchanged in November as continued macroeconomic uncertainty weighed on markets.

Swiss Hedge Funds Consider Relocating to Liechtenstein, PwC Says

The move would allow them earlier access to EU markets under a new regulatory regime for alternative investment managers.

BNY Mellon To Provide Tri-party Collateral Management Services For CME Clearing Europe

Collateral is a critical part of the risk mitigation framework of these new regulations

Schroders announces launch of EURO High Yield fund

Schroders has announced the launch of Schroder ISF EURO High Yield, a new fund which will invest a minimum of 70% in a portfolio of bonds rated below investment grade, mainly from European issuers.

ICBC in Deal Talks With South African Bank

State-controlled ICBC, China's largest bank by assets, is seeking to acquire a 60% stake in the South African bank's commodities and foreign-exchange business centered in London, the people said.

Goldman Sachs Replaces BNP Paribas as Primary Dealer in Dutch Bonds

Primary dealers are financial institutions that are entitled to trade directly with a country's TreasuryPrimary dealers are financial institutions that are entitled to trade directly with a country's Treasury

Hargreaves Lansdown chief exec Gorham sells £3.35m stake

Gorham sold the shares at the end of a three-year lock-in period in the company’s joint share ownership plan

Martin Currie shuts decade-old China Hedge Fund

The UK firm’s China long/short equity strategy – which at one stage returned about 16% annually – reaches an end after a tumultuous recent history, shuttering with less than $10 million in AUM.

Prime brokers battle the perfect storm

Revenue pressures coupled with increased costs are forcing many in the industry to overhaul their business models in an attempt to capture new revenue streams.

Leeds anxious as GFH Capital fail to pay on time

However, Leeds are still confident that the reported £52million sale will be finalised on December 21 without any more hiccups.

Survey finds hedge fund manager bulls outweigh bears for 2013

Hedge Fund Manager Bulls Outweigh Bears by Ratio of 3 to 1

UniCredit's Bank Austria set to sell Kazakh bank

A deal was not certain because some details still needed negotiation

Newton restructures fund range

The Bank of New York Mellon’s asset-management subsidiary, Newton Investment Management, has announced a suite of changes to its funds.

Rothschild buys into peer-to-peer lending

Jacob Rothschild, scion of the eponymous banking dynasty, has bought a stake in a peer-to-peer lending company that allows people to extend credit to each other without going through banks.

KBC Bank Ireland opens first retail branch

The new retail office is designed for banking in the 21st Century.

Euroclear Bank welcomes CME Clearing Europe to the global Collateral Highway

Euroclear Bank will source and manage securities collateral for this purpose on behalf of clients from its global ‘Collateral Highway’.

Qataris snap up Champs Elysées asset

Qatar's sovereign wealth fund bought the property from French private equity group LBO France

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