Managers of Wealth

Oracle Paradis Wine Fund Hits US$5 Million

The Oracle Paradis Wine Fund today announced it had hit US$5 million of funds under management, only 6 months after the fund’s launch.

Hedge Fund Directive Goes into Force in Europe

BNP Paribas declared itself ready for the transition of its asset manager and asset owner clients.

Blackstone doubles revenues and triples earnings

Robust realizations allowed us to generate significant returns for our fund investors and higher distributable earnings for our unitholders.

Quilter Cheviot to Boost Intermediary Offering

The merger of investment firms Quilter and Cheviot Asset Management will help the company focus more on the structure and management of bespoke portfolios

Swiss boutique takes over rival’s special situations fund

Lugano-based asset management firm unveils latest SICAV strategy following merger action with rival company.

Grosvenor purchases City office at 5.9%

Grosvenor Fund Management has acquired Fleet Place House in the City of London financial district.

BNP Paribas ties up Henderson fund migration

In total, this complex project has required the migration of 25 legacy Gartmore funds with an approximate value of EUR 8 billion in three stages and incorporating multiple jurisdictions and fund types.

Gold! $250K in centuries-old coins found

Brisben owns the 1715 Treasure Fleet Queen's Jewels salvage company.

Former Hargreaves Lansdown director puts up £100m for pick of the start-up crop

“If we find the right company, we’ll write the cheque and help them grow,” he said.

Bank of England offers free virtual tour including its gold vault

The Bank of England has launched a phone and tablet App, featuring a virtual tour of its famous Threadneedle Street building including its gold vaults.

SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.30% in July.

Libor moving to NYSE Euronext

NYSE Euronext will take over the Libor in early 2014.

US Mint Bullion Coin Sales Soar in First Half of 2013

Even as gold and silver marked double-digit declines through the first half of 2013, demand soared for United States Mint bullion coins.

UBS to shut poor performing small cap fund

UBS Global Asset Management closing underperforming small cap fund.

Gottex completes Frontier acquisition

He will continue to lead the Frontier business, and joins Gottex as a senior executive in its multi-asset business.

Credit Suisse Liquid Alternative Beta Index Down 1.07% in June

The Managed Futures strategy was the strongest performer for the month, finishing up 0.69% in June, and up 6.15% year-to-date.

Cazenove team set to move to Schroders’ office

Cazenove’s fund managers and distribution staff to move to Schroders’ offices as buyout goes through as sales departures confirmed.

An Advisor Platform Looks for 10 Fund Managers

Fund managers now have another resource for selling and distributing to that hard-to-reach sector, independent advisors.

Saudi Fransi to offer BlackRock products

Cooperation with BlackRock will yield new opportunities to SFC clients through the diversity of investment solutions and strategies offered

Qatar, Singapore move closer with a reason

Singapore and Qatar have a long-lasting, friendly relationship