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

BlackRock to launch two new PE funds after ELTIFs raise almost €1bn

€415m on recent ELTAF

Young Fundpicker: Higher expected returns offer hope for multi-asset investors

'2022 has felt relentless'

Selectors on Screen: Aviva Investors' Dal Mas on alternatives and learning opportunities in a crisis

Interviews with fund selectors

Mercia Asset Management acquires company; profit down, dividend up

Mercia Asset Management said the acquisition adds around £415 million to its funds under management

Premier Miton profit and assets under management down in recent year

More positively, assets under management had partially recovered to around GBP11.3 billion by November 25, partly thanks to net positive flows during the first two months of financial 2023.

Abrdn and John Lewis announce build-to-rent partnership

Abrdn will provide the institutional investment for the programme.

Perspective adds £100mn assets with eleventh deal of year

The advice consolidator topped £4bn in assets near the beginning of this year.

Project management consultancy LogiKal joins Assystem

The consultancy will bolster Assystem’s infrastructure market offering, helping it to deliver UK projects relating to the country’s green transition.

Blackstone and Rivean complete acquisition of Esdec Solar Group

Rivean announces completion of continuation fund

Norwegian asset manager Storebrand toughens stance on biodiversity

Starting immediately, Storebrand said it would no longer invest in companies that dispose of mining waste in the sea or rivers; those involved with deep sea mining; and those which earn more than 5% of revenues from drilling in the Arctic.

Tavistock offloads research firm bought six months ago

Business sold for £3m – the same price paid for it in May 2022

Keystone Positive Change trust records 35% NAV drop

Below benchmark 3.7% fall

Mosaic continues global expansion with launch of Frankfurt office

Mosaic plans to further expand its presence in Frankfurt over the next 12 months with additional senior hires.

Golding study: funds of funds reduce volatility in private markets by 90 per cent

The positive impact of diversification on income volatility is clearest in the buyout asset class.

Constructive outlook for precious metals

There has also been a modest rise in longer-term inflation expectations in most developed economies, which is a benign signal for precious metals.

Temasek to open third European office in Paris

These opportunities are aligned to the four structural trends - digitisation, sustainable living, future of consumption and longer lifespans - that guide our investment focus.

Mortgage approvals fall 11% as lenders hit by borrowing dip

Lenders have continued to cut their rates after they peaked in October following former prime minister Liz Truss’ "mini" Budget.

Nucleus eyes deal to acquire Sipp provider

There is no certainty that an offer will be made

Hawksmoor adds Worcester office to regional expansion

The new office, based in Oak House in Bridgewater Road, will be led by senior investment manager Adam Martyn-Smith.

UK savers in cash ISAs losing out on £26.7bn in interest with inflation at 40-year high

These savers are rapidly losing money in real terms as the value of cash is rapidly eroded during periods of high inflation.

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