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

June still negative for the Italian asset management industry

Both categories reported consistent outflows during the first semester.

Distribution and Cautious funds merged by Henderson

It was confirmed that Burvill will lead the construction of the equity component and continue to oversee the strategic asset allocation

BlackRock Sovereign Risk Index

BSRI Rankings for France, Malaysia and South Africa Improve; India and Spain’s Deteriorate

Competition heats up between trusts

The UK’s array of closed-ended investment trusts have long been known to outperform, on average, their better known, and much better funded, open-ended fund peers.

Assets under management grow at MAM Funds

This was despite the significant headwinds that the fund management industry faced in the period. As at 30 June 2012 the Group's assets under management were £1,724m - an increase of £58m (3.5%) on the 2011 year end position. This include

Citic to Acquire Credit Agricole’s CLSA Unit for $1.25 Billion

Chairman Wang Dongming entered exclusive talks with Credit Agricole in March over the French bank’s remaining CLSA stake to add overseas research, brokerage and investment banking to Citic Securities’s operations.

BNP Paribas unit to shutter operations by year-end

Christian Dargnat, chief investment officer of BNPP IP, says the decision was taken “due to the impact of market volatility”, which has seen OAM lose “very big mandates” and its profitability fall.

SunGard’s Valdi Solution Adds SaaS Access to the SIX Swiss Exchange Liquidnet Service

SunGard’s offices in Switzerland provide local support as well as technical points of presence that give local customers efficient access to global trading venues through the SunGard Global Network.

Wealthy Stash $21 Trillion in ‘Pirate Banking’ System

That hidden wealth is costing governments $280 billion a year in lost tax revenue, the report says.

Franklin Templeton unveils Global High Income Bond Fund

The fund was launched last Friday and has a range of share classes available across Europe.

Top European hedge fund launches U.S. investment firm

Total assets under management grew to $36.7 billion on 30 June, up from $34.2 billion on 30 December.

BlackRock unveils RDR-ready fund quintet

Tony Stenning said the BlackRock Consensus Funds, a collection of five funds, offered simple, cost-effective and diversified core asset allocation portfolios, with independent risk ratings on each fund to help advisers tailor them to their clients’

London Stock Exchange boosted by FTSE acquisition

The higher revenue hike was largely down to the inclusion of an estimated £35m pounds from the FTSE index business the exchange bought in December.

Man Group complete purchae of FRM Holdings

The deal was originally announced in May.

Fund managers expect more trouble in Germany

Europe’s debt crisis is by far the biggest worry worldwide, with the US “fiscal cliff” and China’s property slide well behind.

Discrete Monaco family offices display substantial demand for hedge funds and alternative investments

About 34 banks operate in Monaco, a significant number by any measure for a country of 38,000 people – however, consolidation may be on the horizon.

Threadneedle set to launch absolute return commodities fund

The fund is aiming for a return of 10 per cent to 15 per cent and will have a market neutral strategy.

Edhec-Risk Institute proposes new method for assessing hedge fund performance

In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns.

Swiss & Global Takes RBC Dexia for ETF Administration

RBC Dexia has announced its investor services arm has been chosen by Zurich-based Swiss & Global Asset Management, which manages over 100 funds for private bank Julius Baer, to provide custody and fund administration for four recently launched exchang

AIMA supports removal of ban on general solicitation and advertising by US hedge fund managers

In its response to the US Securities and Exchange Commission (SEC) ahead of the SEC’s implementation of the JOBS (Jumpstart Our Business Startups) Act, AIMA said it supported the legislation’s purpose of improving access to capital and enhanci