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

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

The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.40% in June

Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, May and YTD 2012 performance numbers are listed below and are available at www.hedgeindex.com.

Henderson acquires French asset manager

Founded in 1998, Horizon focuses on advising on asset management in the French real estate market and comprises a €250 million Luxembourg closed-ended real estate fund and a number of asset management contracts to manage 25 properties.

Chinese Billionaire To Revive Iceland Deal

A Chinese billionaire whose bid to buy Icelandic land was blocked by the local government last year, said he’s secured a deal to lease the property instead, helping him revive his resort project.

Europe retail bank profits to sag on rules: McKinsey

RoE in Germany will fall to 4 percent from 7 percent and in Italy it will drop to 3 percent from 5 percent, McKinsey estimated.

BNY Mellon appointed by Menzis in the Netherlands

BNY Mellon has been appointed by Menzis to provide custody and other value added services as part of a fully integrated servicing solution.

U.S. insurer plans skyscraper in London's financial heartland

While many investment banks have moved to the Canary Wharf district in recent years, attracted by large trading floors and cheaper rents, insurers have been the only bright spot in an otherwise moribund lettings market in London's traditional financi

Threadneedle launches the (Lux) Absolute Alpha fund in Italy

The fund is domiciled in Luxembourg and mirrors the strategy of the existing Threadneedle Apex European fund.

European banks turn to credit insurance in Asian market

Structured trade credit insurance covers the risk of non-payment from a buyer for goods and services or a borrower for trade-related loans.

Hedge funds pin hopes on French revolution

It is a Europe-wide trend but one that matters in France, where big investors such as insurers and retirement funds - holding 2 trillion euros assets - are more risk-averse and put less into hedge funds than peers abroad.

London and Singapore launch stock exchange cooperation

The Singapore Exchange said that the agreement would allow its members to trade FTSE100 securities on its GlobalQuote Board by the first half of 2013.

Commodity Market Higher In June, Relieved by Progress in Eurozone

The Dow Jones-UBS Commodity Index Total Return was up by 5.49% in June. Overall, 14 out of 20 index constituents increased in value. Agriculture was the best performing sector, up 13.87% for the month. Concerns over crop stress and yield loss due to the h

Friends Life launches £6bn asset management business

The launch, which has come ahead of schedule, will enable the group to leverage its existing investment capability, investment strategy and asset liability management while supporting the growth of core product areas, such as annuities.

BBH Launches 5 European Vanguard ETFs with Web Servicing Platform

The ETFs, listed on the London Stock Exchange, will be backed by a newly-developed Authorized Participant Exchange.

Hedge fund withdrawals jump to highest since '09: data

The withdrawals compare with net inflows in each of the previous five months and were the highest level of net outflows since October 2009, when clients pulled out 3.76 percent.

Guess who's back? Duffield's latest firm launches fund range

Brompton is offering the IFDS Brompton Global Income fund, as well as the Brompton Global Growth and Brompton Diversified funds. Read more: http://www.investmentweek.co.uk/investment-week/news/2190169/guess-whos-duffields-firm-launches-fund-range#ixzz20B

Rise in wealthy French eyeing London move

Knight Frank, the property agent, said sales of prime property to French buyers had risen 40 per cent in the three months to the end of June 2012 compared with the same period in 2011.