Managers of Wealth

Fund firms take investors for a ride

Asset managers spend too much time launching new funds

The Rich Get Richer in ETFs

The so-called Big Three of the ETF business are BlackRock’s iShares, State Street Global Advisors and Vanguard.

BNY Mellon to provide Allianz Global Investors with outsourcing solutions

BNY Mellon has been appointed to provide outsourced accounting and data management solutions to a range of discretionary mandates managed by Allianz Global Investors.

BLME acquires property for its light industrial building fund

An important milestone has been the addition of £3.6m '$5.7m' of leverage into the Fund from an international financial institution.

Worldwide investment fund assets increased to EUR 21.4 trillion in Q2 2012

Investment fund assets worldwide increased by 2.7 percent during the second quarter

Skandia: advisers in conflict over single platform use

Advisers are confused about the rules over independence and single platform use, according to data from Skandia.

Cambridge University Considers Debut Bond as It Gains Top Rating

Cambridge University said it may sell bonds for the first time in its 800-year history after winning a top credit rating from Moody’s Investors Service.

HSBC offloads property advice unit

HSBC Private Bank will continue to introduce its clients to Property Vision under a referral agreement to be entered into at completion.

Aviva Renews Wrap Platform Contract with Citi

Long term commitment to the wrap market assured

SS&C Acquires Gravity Financial

The transaction, which adds 40 fund services customers and 10 staff, supports SS&C's strategy of targeted growth and leadership in the alternative fund services industry.

Barclays Stockbrokers launches new retail FX trading platform

Enhanced trading platform provides access to 50 currency pairs and bespoke research

Bahrain Bank Reaches Agreement on Takeover of Leeds Soccer Club

GFH Capital Ltd. has an agreement to lead and arrange the acquisition of Leeds City Holdings, the parent company of the team, according to a filing made with the Bahrain bourse.

Wells Fargo Q2 net income increases

"Wells Fargo's strong financial results this quarter again reflect the benefit of our diversified business model."

Panmure Gordon soars back into the black to defy gloom

STOCKBROKER Panmure Gordon defied the market gloom to bounce back into profit in the first six months of this year, according to results published yesterday.

Canary Wharf office tower up for sale

The property went into receivership after a default on a £130m loan in April this year.

LPL Expands Model Wealth Portfolios

"The expansion of the MWP platform gives our advisors the tools to address an even wider range of client needs, while accessing the diversification and risk-management benefits that come from non-correlated alternative strategies."

Cofunds’ Unbundled Pricing Goes Live

The various portfolio tiers relate to all the assets that an individual holds on Cofunds, including ‘legacy assets’. And investors can make unlimited switches without charge, Cofunds says. The unbundled model will be VAT-exempt

Gilliat’s Success Leads to Host of Awards

Gilliat Financial Solutions, the structured products distribution specialist within the Arbuthnot Banking Group, today announced its success in both the European Structured Retail Products Awards and Moneyfacts Investment Life & Pensions Awards.

Novel methodology for assessing the sustainability of investment funds - RESEARCH

The simple, transparent and effective approach allows a company or an entire fund portfolio to be objectively assessed for sustainability. Investors can easily check funds against environmental, social and governance (ESG) criteria.

Volte face by regulator fuels fears in Hong Kong

94 per cent of all funds in Hong Kong are offshore, according to BNP Paribas and Knadel.