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

LGIM enters ETF market with commodity fund ‎

The LGIM Commodity Composite Index aims to be a new kind of benchmark for broad-based commodity exposure.

LME sends financial data to potential suitors

Last month, the exchange sent non-disclosure agreements to potential bidders, which had to be signed before they received information containing sensitive financial data.

2012 set to be defining year for platforms

During 2012 there will be significant change in the platform market with wrap business models coming under pressure for the first time, according to Skandia.

Hedge fund administrator GlobeOp in takeover talks

GlobeOp Financial Services is in talks with private equity firms Advent International Corporation and TPG over possible takeover offers, as the hedge fund services firm carries out a strategic review to try and boost its share price.

Beckwith's new fund taps appetite for capital preservation

The European Equity Alpha Fund, one month old this week, is managed by former M&G star managers Giles Worthington and Tim Short, who developed the long-short, market-neutral product while working for the asset management arm of insurer Prudential .

MF Global UK staff may not get bonuses pledged before failurep

MF Global, based in New York, was the fifth-largest financial company to file for bankruptcy when it sought protection on Oct. 31 after placing losing bets on European sovereign debt. KPMG was appointed to supervise the administration of the broker&r

FundsNetwork adds Hawksmoor to DFMs range

Fidelity says it intends to add further DFMs to the platform over the coming year in the lead up to RDR.

Profitability ‘key challenge’ for asset managers, Deloitte

Accountancy firm says main challenge affecting investment managers’ profitability are “cautious clients”.

M&G Investments appoints deputy fund manager on two funds

Both funds, worth £548 million and £419 million respectively, will continue to be co-managed by Michael Godfrey and Matthew Vaight.

Cable refuses to back knighthood for Tory hedge fund millionaire

His company, Lansdowne Partners, made £100 million during the financial crisis when it bet successfully that the value of shares in Northern Rock and other banks would tumble.

Chinese Billionaire Seeks Denmark, Finland Investments

The developer is planning to spend “tens of millions” of U.S. dollars for so-called holiday villages in the two countries, he said in Shanghai.

Men Take Lead In Financial Decisions, Reveals HSBC Report

HSBC’s The Future of Retirement programme is a leading independent study into global retirement trends. It provides authoritative insights into the key issues associated with ageing populations and increasing life expectancy around the world.

UK has to make voice heard in 2012, warns IMA

The UK will have to work increasingly hard next year to make sure it has its say on a number of incoming European financial regulations, the Investment Management Association says.

City offices bought by Saudi investor

The property, developed by Helical Bar, comprises 101,516 sq ft of office space in the City of London.

Citigroup selling Belgian retail assets

A spokesman for CMNE declined to detail the value of the transaction but said it would include Citigroup's credit card and consumer loan businesses in the country.

Carlyle launches new financial firms buyout fund

The new fund, Carlyle Global Financial Services Partners II, has a minimum commitment threshold for investors of $10 million and intends to fundraise for more than a year

Brazil overtakes UK as sixth-largest economy

UK relegated to seventh place in world league of leading economies in 2011, according to team of economists

Hedge funds hammered in one of worst years on record

Hedge funds have suffered their second worst year on record as volatile markets, plunging commodities and political uncertainty torpedoed the investment plans of even the $2 trillion (£1.28 trillion) sector's biggest stars.

Third of investors want to invest more ethically ‎

Thirty-five per cent of investors believe they should act ethically although they have yet to enter the ethical investment market, research has showed.

Brooks Macdonald fund acquires Birmingham property

The property - which is part of the £600m Masshouse development - has a gross yield of 5.45% per annum.

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