Managers of Wealth

China May Allow More Banks in Fund Management

The move, which has been approved by the country's State Council

European Investors Favor Tiny Gold Bars

In 2011, gold bars and coins sales accounted for almost $77 billion, per the World Gold Council. Compare that to 2002’s $3.5 billion.

RBC awarded top rated status in Global custody survey

RBC Investor Services has been awarded 'Top Rating' in Global Custodian's 2012 Global Custody Survey across four categories.

China wealth fund eyes $1.3 bln U.K. office campus

The U.S. private equity group bought the property from a consortium of Aberdeen Asset Management, Schroders and Stanhope at the start of 2011 for GBP480 million, the FT said.

ESMA clarifies rules for alternative investment funds and their managers

The Directive provides the legal framework for both alternative investment funds (AIFs) and their managers (AIFMs).

AIMA reponds to final AIFMD implementation text

The publication of the final text marks the conclusion of the current EU-wide legislative process and will shift the focus to a national level, with EU member states required to transpose the Directive into their national laws.

Hargreaves Lansdown adds Odey Opus fund to Wealth 150

“Both funds are managed using a similar strategy so we are comfortable with this change.” says Hargreaves Lansdown in a statement.

State Street Global Advisors Issues 2013 ETF & Investment Outlook

The global Exchange Traded Product industry attracted nearly $200 billion of positive flows

Manulife Launches New Investment Program for Affluent Investors

We are committed to helping advisors become the advisor of choice to their affluent clients

Newedge restructures to meet costs, vows job cuts

New capital requirements, sustained low interest rates and falling commissions from derivatives trading have compelled the agency brokerage to readjust.

Cofunds Taps Calastone, Barclays for Fund Settlement

In response to the fund industry's demand, Calastone launched a settlement service to standardise and improve settlement automation.

State Street quits bidding for Credit Suisse ETF unit

The investment banking arm of Credit Suisse is representing the parent company in the deal

Brown Brothers Harriman Unveils New ETF Goodies

The portal provides access to several ETF tools designed to help sponsors, authorized participants, and administrators/custodians manage ETF operations all under one virtual roof.

Hedge Funds Up Over 6% Through November

Performance for the Broad Index and its 10 sub-strategies is calculated monthly.

Legg Mason and Permal Announce Acquisition of Fauchier Partners

The transaction is expected to close in the first quarter of 2013.

Commodity Market Stable Amid Continued Macroeconomic Uncertainty in November

Commodities were relatively unchanged in November as continued macroeconomic uncertainty weighed on markets.

December net flows advance - SS&C GlobeOp

Capital Movement Index: December net flows advance 0.40%

Schroders announces launch of EURO High Yield fund

Schroders has announced the launch of Schroder ISF EURO High Yield, a new fund which will invest a minimum of 70% in a portfolio of bonds rated below investment grade, mainly from European issuers.

Leeds anxious as GFH Capital fail to pay on time

However, Leeds are still confident that the reported £52million sale will be finalised on December 21 without any more hiccups.

Survey finds hedge fund manager bulls outweigh bears for 2013

Hedge Fund Manager Bulls Outweigh Bears by Ratio of 3 to 1