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

The Dow Jones Credit Suisse Hedge Fund Index Finished Up 0.05% in March

There have not been any funds added to the Dow Jones Credit Suisse Hedge Fund Index in March

SocGen Holders To Vote On Splitting CEO-Chairman Role

The motion should be presented at the bank's general assembly on May 22.

Societe Generale Securities Services wins new Global custody mandate

SGSS will provide fiscal services, notably processes relating to applying reduced rates of tax at source and tax exemptions, tax clawbacks, the management of fiscal documents, regulatory reporting for the tax authorities and tax reports for clients.

Qatar sovereign fund to buy hotels in Sardinia

Gulf-government backed funds have been on a buying spree in Europe and are eyeing investments in real estate, infrastructure and other sectors.

Singapore sovereign wealth fund targets UK property

Singapore's sovereign wealth fund is preparing to buy up swathes of distressed properties in the UK with the launch of a £200m fund.

HSBC Mulls Maiden Offshore Yuan Bond

The London-based bank is conducting conference calls with investors in Hong Kong, Singapore and the U.K. Tuesday to gauge interest for such an issuance, according to a person familiar with the situation.

Deutsche Bank To Decide On Guggenheim Bid Tuesday - Sources

U.S. financial services firm Guggenheim Partners, which entered exclusive negotiations with the bank on the sale, has until the end of this week to make a detailed bid for the operations, which could be worth around EUR1.6 billion, below the previously s

Prime brokerages consolidate after "big bang"

Hedge funds are cutting back on the brokerage accounts they hold as the prime brokerage industry begins to consolidate more than four years after the Lehman Brothers bankruptcy blew the sector wide open.

Manchester United Offices Sold for $263 Million, Telegraph Says

The building is owned by the West End of London Property Unit Trust, which is managed by Schroders and advised by Grafton Advisors, the Telegraph said.

Famed Investor Seeds New Fund

The global macro fund, so called because it places bets on the direction of the world's economies, will open to other investors in the fall.

Co-op board to meet amid Lloyds bid fears

The Co-operative Group is to hold a crunch meeting of its bank board amid heightened concern it is on the verge of pulling out of its £1.5bn bid for Lloyds' 632 "Project Verde" branches.

ABN Amro to sell commercial insurance arm to Aon

ABN AMRO Insurance, part of Delta Lloyd Group, is taking over the intermediary activities in the commercial general insurance segment for the Small and Medium-Sized Enterprise sector from ABN AMRO Bank.

Exclusive: Hedge fund Tyrus moves to Monaco: source

The firm, which runs approximately $2.7 billion and which was founded by Tony Chedraoui in 2009, shifted most of its staff around the start of April, a source familiar with the matter told Reuters.

London Readies Report As Next Step Towards Offshore Yuan Hub

The City of London Corporation, which commissioned the report, has been preparing and working on it closely with other interested parties, a spokeswoman for the City of London Corporation told Dow Jones Newswires.

Slow decision making hampering de-risking, says Schroders

Schroders recently asked a group of pension funds their thoughts on defined benefit strategies, governance and de-risking.

Jonathan Ruffer steps back from management

Investment directors Hamish Baillie and Steve Russell will continue to manage the fund.

Lyxor expands its UCITS Alternative Platform

With this launch, Lyxor continues to expand and diversify its offer of alternative UCITS funds.

Societe Generale Securities Services in Italy mandated by Financiere de L’Echiquier"

Financiere de l’Echiquier manages a small range of mutual funds invested in the main equities and bonds markets for private and professional investors.

Lazard’s wage bill falls by a third

Lazard, the boutique investment bank, cut pay at its UK-based operations by almost a third last year as the corporate finance advisory market continued to struggle.

Aberdeen seeks allies in hostile move for Alliance

The revelations will make uncomfortable reading for Ms Garrett-Cox, once dubbed “Katherine the Great”, who must now fight a rearguard action to keep her position.

Alternative Investments