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

Pimco takes over from Jupiter on St James’s Place mandate

Asset manager Pimco has taken over management of the St. James’s Place Multi-Asset fund from Jupiter Asset Management.

Brokers face fresh costs after MF Global collapse

Fears are growing that the collapse of MF Global will leave financial institutions facing as much as £600m in fresh costs.

Denizbank sale ‘stalls in Dexia management vacuum’

Dexia’s planned sale of Turkish unit Denizbank will not proceed until after an expected management change at the bailed-out Franco-Belgian bank, sources said.

PwC in Germany, Netherlands to merge

The German and Dutch members of the PricewaterhouseCoopers network of consulting and auditing firms plan to merge to compete for auditing contracts with KPMG, Ernst & Young and Deloitte, the head of PwC Germany told WirtschaftsWoche magazine.

RBS plan to share historic Edinburgh HQ

The RBS building was built for wealthy merchant Lawrence Dundas and completed in 1774

Brazilian billionaire acquires London Offices for $809 Million

A Brazilian billionaire paid about 500 million pounds to buy an office building in the City of London financial district from a group of investors that breached the terms of loans secured by the building

Schroder and UBS funds awarded bronze ratings

Fund ratings agency Morningstar OBSR has awarded bronze ratings to Schroders’ £281m European fund and UBS’s £91.4m US Growth fund.

Aviva’s Pay Plan Rejected as UBS, Inmarsat Shareholders Rebel

The average vote against U.K. compensation reports was 6 percent last year, according to Pension & Investment Research Consultants Ltd.

Wall Street Tycoon Eyes Metro Bank Stake

One of Wall Street's best-known hedge fund managers is in talks to buy a stake in Metro Bank, Britain's first new high street lender in more than a century, I have learned.

Man Group CEO dismisses need for takeover

Peter Clarke, who took over as CEO from industry 'godfather' Stanley Fink in 2007.

A global bond boom is on, latest Morningstar European asset flows data reveals

Of this, more than 70 per cent went to fixed-income funds, while equity funds, by contrast, had net redemptions for March and only slightly positive inflows for the quarter.

Beaufort buys into London broker HB Markets

Beaufort said the purchase is the first stage in a series of strategic developments for the group.

Regulator faces backlash on expensive new offices

However, financial services groups and MPs denounced the move as “lavish” at a time when financial services firms – who pay for the regulators – are tightening their belts.

Man Group Has $1 Billion Outflow; Shares Fall on Lower Cash

The shares slid as much as 8 percent as analysts cut their earnings forecasts for the company.

Credit Suisse’s Asset Management Division Releases the Q2 2012 Edition of the Alternatives Quarterly

Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.

Absolute Return riles the critics

This is a sector with clear investor appeal. The problem is there are many methods of endeavouring to deliver the expected return and it is not always easy to determine which approach is being taken.

Dexion Capital set to float new investment company

DCG IRIS Limited is a proposed new London-listed, closed-end investment company seeking attractive returns from insurance linked strategies (‘ILS’).

Man Group CEO dismisses need for takeover

The firm, which reported a reduction in net client outflows, holds its annual general meeting on Tuesday.

Man Group Has $1 Billion Outflows; Shares Slide on Cash Concern

The shares slid as much as 8 percent. Clients redeemed $4.1 billion from Man’s investment funds, which was partly offset by $3.1 billion of sales, the London-based company said today.

Gemini to bring Asia funds to UK

Gemini provides distribution and marketing for asset managers that have limited expertise in the retail and wholesale marketplace in Europe.

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