Managers of Wealth

Who’s Been Sleeping in my Bed?

A Tenant Profile of London Central

Charity Bank celebrates 10 years at the forefront of ethical banking

For a bank, ten years in the business is a relatively short period of time.

BlackRock's Q3 EPS up 23% on new business

BlackRock Inc.'s third-quarter profit climbed 7.9% as the world's largest money manager saw its assets under management increase, while revenue climbed.

Knight Capital Reports Net Loss After Software Error

Knight Capital Group today reported a consolidated net loss for the third quarter of 2012 of $389.9 million, or $602.9 million before income tax benefits.

State Street reports revenue of $2.36 billion

Revenue of $2.36 billion decreased 3% from $2.42 billion and $2.43 billion in the second quarter of 2012 and third quarter of 2011, respectively.

Growth fund gears up for £150m London float

The firm is hoping to capitalise on the decline in banks’ support for private equity buy-outs, which has restricted the number of deals taking place.

Kensington House Prices Rise to $3.5 Million in London ‘Bubble’

Asking prices for homes in London surged to a record this month as values in the borough of Kensington and Chelsea rose to an average 2.2 million pounds ($3.5 million), according to Rightmove Plc. (RMV)

China’s Sovereign Fund Favors Big Hedge Fund Managers, Fan Says

CIC, which helps China manage the world’s largest foreign- currency reserves

Newedge Releases Prime Brokerage FX Platform

Newedge has launched a new foreign exchange (FX) prime brokerage platform, with enhanced connectivity and cross-margining capabilities, according to the French broker.

Cofunds reveals most popular funds in September

Other funds in the bestsellers list included the £12.7bn Standard Life Global Absolute Return Strategies fund, the £2.9bn Newton Global Higher Income fund and the £550m Liontrust Special Situations fund.

Dodge & Cox Worldwide Funds Added to Ascentric Platform

The platform allows advisers to select investments from a wide range of investment vehicles for private investors.

‘Platforms ignoring investment trusts’

The largest platforms are ignoring investment trusts, citing lack of demand but failing to provide the required whole of market offering to advisers, James de Sausmarez has claimed.

Axa Wealth multi-manager Architas reveals RDR pricing

The company offers passive, active and blended ranges of multi-manager funds

Novia becomes first wrap to offer commercial property

Chief executive says platform is following in footsteps of Sipp and Ssas markets.

Kuwaiti-owned bank helps acquire another prestigious property in London, UK

London has historically been attractive to international investors due to its position as a world financial centre

European family office invests in Asia-focused fund

The Fund will invest primarily in Australia, China, Hong Kong, Korea and Singapore

Axa Teams Up With Norwegian Wealth Fund to Buy German Properties

The properties were sold by Royal Bank of Scotland Group Plc in a deal that will probably be completed by the end of the year, Axa Real Estate and Norges Bank Investment Management said in separate statements today.

Barclays to acquire ING Direct UK

Dutch banking group ING announced its plan to exit the UK in August, as it seeks to raise funds to repay a bailout from the Dutch government.

Cofunds names 85 RDR-fit groups

The platform aims to list 2,000 ‘clean fee’ share classes from fund groups by the end of 2012

Succession in public warning to members over Threesixty

Network says it has doubts over compliance services provider’s independence since Standard Life takeover.