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

PSigma and TwentyFour target 7% yield via bond fund ‎

The Fund has been designed and created for use by PSigma’s clients and will start with nearly £50m in assets.

JPMorgan's British commodities chief notches up $2.8bn

JPMorgan's performance, a threefold leap in revenues, is a huge bounceback for one of the most powerful women on Wall Street.

HSBC offers rich clients discounted fees for 10 new hedge funds

Private clients provide part of the $38 billion invested by HSBC in alternative investments such as hedge funds, private equity and real estate.

Credit Hedge Funds are NOT Shadow Banks: AIMA

AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.

Northern Rock Asset Management: Profits up and taxpayer repaid £2bn

The government has provided a total of £37 billion in loans to Northern Rock since it collapsed in 2007 and the decision was taken to nationalize it in 2008.

Guinness Asset Management Announces New Fund

Guinness Asset Management has announced that the Guinness EIS Fund 3 is now open for investment. This fund will invest in UK Sustainable Infrastructure companies through the tax-efficient EIS structure.

Mercer completes acquisition of Pensjon & Finans

Pensjon & Finans has a solid market share in Norway’s institutional market both across the public and private sector. The firm was established in 1997.

Profit up, income down at Swiss Life‎

Swiss Life grew in key strategic business areas despite difficult market conditions.

Gartmore helps to lift Henderson profits ‎

“There is still a lot of nervousness out there... The ability of world growth to get underway is being hampered by the dithering in the Eurozone but the US is starting to develop an improved outlook.

HSBC near sale of its insurance arm to rivals for £1bn

HSBC is about to complete a £1bn deal to sell its general insurance arm to rivals AXA and QBE, according to reports.

Man Group Assets Rise in First Two Months‎

Man Group Thursday said funds under management had increased slightly in the first two months of 2012 to $59.5 billion, and it had seen an improvement in investor sentiment since the end of last year.

Morningstar crowns best funds of 2011

The Morningstar UK Fund Awards 2012 recognise retail funds and fund houses that added the most value for investors within the context of their relevant peer group in 2011 and over the longer term.

Royal Bank of Scotland to shut Australia fixed income trading desk

Some of the affected FICC traders would be given a chance to relocate to RBS trading desks in Singapore and London.

Hedge fund assets may hit $2.1 trillion in 2012: survey

The survey, which covered more than 600 institutional investors representing $1.04 trillion of hedge fund assets, found that investors expect their hedge fund portfolios to return 8.6 percent in 2012, down from 11 percent last year.

Quintain buys west end property fund manager

It has bought Grafton Advisors for £5.75 million which increases Quintain's assets under management to £2.3 billion.

Baillie Gifford appoints Kii Hub for KIID solution

Asset managers already using the Kii Hub solution include Aberdeen Asset Management, Jupiter Investment Management Group, Ignis Asset Management, Martin Currie Investment Management and Neptune Investment Management.

Horlick launches EIS investment business‎

The business will be managed by Gary Robins, former founder of investor network Hotbed, and Matt Taylor, ex-senior partner at Foresight Group.

Estate agent Connells invests in fund management group

Connells has backed Hearthstone ahead of the launch of its first PAIF, focused on residential property.

Ingenious acquires £30m Optima funds

The Optima Managed Funds Division formed part of TBA’s advisory arm, Optima Financial.

Grosvenor plans to raise $492m to invest in Japanese real estate

The new fund will finance about half of the assets with loans, a ratio that will allow it to buy as much as 100 billion yen of properties, he said.

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