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

Europe's banks face Chinese lure

Dexia Asset Management declined to comment and the two Chinese firms were unavailable.

UK's biggest internet gold dealer Jewellery Quarter Bullion could be put up for sale

Rob Halliday-Stein, who founded the company with £10,000 in January 2009, is looking at the possibilities of selling to a larger rival or floating on the London Stock Exchange’s junior Aim market.

Aviva set to sell US division at £800m loss

The arm is now valued at £1bn.

Ex-Citadel Securities Head Said to Plan Asia Fund

The fund will have offices in London and Asia.

Church of England pension board puts faith in hedge funds

The 1.1 billion pound Church of England (CoE) Pensions Board has backed Winton Capital, Bridgewater Associates and BlackRock Advisors to help boost the retirement income for over 32,000 of its clergy and lay workers.

Fear over greed drives second-quarter European fund flows, latest Morningstar data reveals

Fund flows to European funds continue to reflect the ongoing eurozone crisis and its attendant market turbulence.

CaixaBank profit dives 80pc

Caixabank SA , Spain's third-biggest lender by market value, said Friday its first-half net profit sank 80% as it set aside a big chunk of income to cover losses on its real estate assets.

Profits drop at Bradford & Bingley ‎

UK Asset Resolution Limited which incorporates Bradford & Bingley plc and Northern Rock plc today issued its half year results for the six months ended 30 June 2012.

Ruffer Investment Company shows up open-ended rivals

Retail investors tend to automatically dismiss closed-ended funds when it comes to selecting a multi-asset portfolio, but the are some good options in the space.

Lloyds kicks off results season for Britain's battered banks

‘These half-year results show a continuation of what we delivered in the first quarter: significant balance sheet reshaping and another resilient performance against a backdrop of economic challenges and a lack of public confidence in our industry.

Regulators slap capital charges on derivatives

The G20 countries agreed just after the collapse of U.S bank Lehman Brothers in 2008, in which opaque derivatives played a part, that dealers should clear contracts where possible to aid transparency.

Alternatives boutique launches weather fund on DB platform

At present, the Coeli Power Surge fund trades exclusively on the NASDAQ OMX Commodities exchange.

Santander reports 51% profit decline

The decline is a result of setting aside EUR 1,304 million for provisions for real estate exposure in Spain of the second quarter ordinary profit of EUR 1,404 million.

New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to

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.

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