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

Indian bank moves into UK buy-to-let mortgage market

The State Bank of India, which announced its launch into the UK residential mortgage market a year ago, is to add a five-year buy-to-let tracker loan to its range.

The Charities Property Fund outperforms for the fifth year in a row

The Charities Property Fund, the first and largest property fund designed specifically for charities, has outperformed the Association of Real Estate Funds’/IPD UK All Balanced Funds Index for the fifth year in a row.

Asset Based Finance continues to grow despite challenging times

Despite testing business conditions, the latest quarterly figures for the three month period April to June from the Asset Based Finance Association (ABFA) show that the number of companies in the UK and Ireland using asset based finance continues to rise.

MidEast investors launch $20m bid for Portsmouth

Middle East investors have lodged a dramatic $20m bid to take over troubled football club Portsmouth, Arabian Business can reveal.

BNP to cut stake in Swiss fund with bond issue

BNP has been selling assets over the past year to better withstand the euro zone debt crisis and the global economic slowdown.

Grosvenor Fund Management sells Festival Place Shopping Centre

"The sale of Festival Place to TIAA-CREF reflects the winding-down of Grosvenor Festival Place Fund, which soon comes to the end of its life."

SEI looks at add structured products to platform

True Potential senior partner Daniel Harison says: “We are strong believers in giving a breadth of choice to IFAs and have been working closely with SEI to add this new product.”

RBS plans to close precious metals trading

Royal Bank of Scotland plans to close down its precious metals trading operation, an industry source said, and the bank confirmed it was halting commodities research due to an internal review.

Citigroup launches commodity trade finance business

U.S. bank Citigroup has launched a commodity trade finance unit, expanding into a sector once dominated by European lenders who have been shrinking their activities to cope with the euro zone debt crisis.

Credit Suisse Liquid Alternative Beta Index Up 0.53% in August

The Credit Suisse LAB Index was up 0.53% in August according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

ECM Asset Management starts senior secured fund

New fund will buy both senior secured loans and high-yield bonds

SunGard identifies ten asset management trends affecting the fund management industry

Doug Morgan, president of SunGard’s institutional asset management business discuss the top trends affecting the fund management industry in 2012

This Simple Diagram Explains How Manchester United Makes Money

Goldberg's report included this straightforward diagram explaining how Man U. could potentially be a self-propelled profit generating machine.

Royal Bank of Scotland insurance unit plans 900 job cuts

The insurance division of Royal Bank of Scotland says it plans to cut nearly 900 jobs as it prepares for a stock market flotation.

Stockholm-based hedge fund raises $500 mln for new longer-term fund

"In recent years, financial markets have become increasingly short term.

Troubled hedge fund Pentagon to fight SEC's $100m fine

A contemporary of David Cameron's at Oxford University, Mr Chester took the dramatic step after his hedge fund, Pentagon Capital Management, was fined $98.5m earlier this year for allegedly engaging in late trading in mutual funds between 1999 and 20

ING to Sell Capital One Stake After Sale of Online Bank

Pricing is expected before regular trading opens today in New York, with settlement on Sept. 10, ING said in a separate statement.

DFAS Bloxham Global Equity Income Fund - change of manager

They plan to run the DFAS Bloxham Global Equity Income Fund in exactly the same way before merging it into their existing fund by the end of this year. At that time a new share class is to be created for retail investors.

Ludgate Investments eyes stricter waste regulation for new fund

The European Union is tightening regulation for recycling and recovering rubbish and has called for 50 percent of household waste to be recycled by 2020 as a way to keep trash away from landfill sites.

Schroders launches Global Macro Bond Fund

The Fund aims to deliver an annualised gross excess return of eight per cent per annum over LIBOR using currency, sovereign and credit strategies, and is scheduled to launch in October 2012.

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