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

Outflows at Italian asset managers slow to 1.3 bln euros in July

Italy-domiciled funds were again the hardest hit with 1.26 billion euros in outflows.

Charnock to front newly-created Standard Life adviser unit

In the UK the restructure will see the creation of an advisers and investments business unit made up of Standard’s existing retail adviser, proposition, wealth and investment solutions businesses, reporting into Richard Charnock.

Threadneedle to launch RDR share classes

Threadneedle is to roll out a range of commission-free share classes across the majority of its fund range, and waive initial charges for advised UK retail investors, as it makes its proposition ready for the post-RDR world.

New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into July Hedge Fund Performance

*In total, the industry saw estimated outflows of approximately $8.5 billion in July, bringing overall assets under management for the industry to approximately $1.75 trillion;

Ex Winton scientist to launch systematic trading fund‎

Aquantum AG intends to launch its first UCITS fund in cooperation with Universal-Investment Luxembourg.

Peakside buys AIB's Polish fund management arm

Peakside's first direct investment into Poland

Kassam Buys Ex-Lehman Property for $39.5 Million: Times

Head of the Firoka Group of companies paid 25 million pounds ($39.5 million) in cash for a London property that was once owned by Lehman Brothers Holdings Inc.

DEXIA : says likely to pump money into Luxembourg arm

Franco-Belgian bank Dexia SA said it believes it will need to recapitalise its Luxembourg arm before the latter's imminent sale, which could see it demanding further money from the Belgian and French governments.

SEB Asset Management lets entire London property

Nationwide will use the building as its new UK headquarters and will open a new branch on the ground floor.

Legg Mason adds 17 funds to offshore sectors

The group says it intends to add more offshore funds to the sectors in due course.

Legg Mason adds 17 funds to offshore sectors

The group says it intends to add more offshore funds to the sectors in due course.

Jupiter Fund Management director reduces stake

The first batch of shares were sold at 226.04p and the second for 225.00p, for a total of £67,656, taking his holding to 83,333 shares.

Generali looks to sell U.S. reinsurance arm

"Citigroup has been mandated for a possible sale of the U.S. assets," a source close to the matter said.

Why process is the key to tackling financial crime

Regulators across the globe have identified Firms who have failed to comply with relevant rules, as opposed to those who have actually enabled any form of financial crime to take place.

Hedge funds are a 'limited' risk, says FSA

Hedge funds pose little risk to the banking and wider financial system, according to an industry survey by the Financial Services Authority.

Gatehouse Bank buys $52m UK retail asset

The sharia-compliant investment bank bought the 107,000 sq ft building for £33.4m from accountancy firm KPMG, receiver to a failed Irish property company.

SocGen Germany leasing unit on the block -report

French bank Societe Generale , which recently agreed the sale of its U.S. asset management unit TCW, is now looking to sell its substantially smaller German leasing unit, called Pema, financial newsletter Agefi reported on Tuesday.

SS&C GlobeOp Forward Redemption Indicator: August notifications 3.34%

"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, Chairman and Chief Executive

Manchester United: George Soros invests in football club

Mr Soros' investment fund bought about 3.1 million Class A shares in the club, according to the Securities and Exchange Commission.

Fears for corporate bond investors

The problem seems to be, according to the Financial Services Authority, one of liquidity.

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