Managers of Wealth

Bank of America Starts to Pull Clients’ Money Out of a Paulson Fund

The move by the bank was based on months of discussions and related to multiple factors, according to one person knowledgeable about the bank’s thinking

Van Lanschot to sell portfolio of CRE loans

The sale significantly reduces the risk profile of the corporate banking loan book and will have a positive impact on loan loss provisions going forward.

Amundi Scoops €1bn Pan-European Offices Portfolio

Amundi, which is owned by Credit Agricole and Société Générale, has more than €950bn of assets under management

O'Toole-Ewald Enters into Strategic Partnership with AN Valuations

This new strategic partnership brings OTE's services directly to AN Valuations' high net worth European clients, and enables both firms to offer competitive services to clients in the financial sector.

Credit Suisse, Jive raise largest Brazil distressed asset fund

São Paulo-based Jive raised 500 million reais ($145 million) from Credit Suisse's private-banking clients in Brazil seeking to diversify into toxic credit and real estate assets, Jive said in a statement.

Manchester City buy out wealthy Melbourne City investors

The quartet previously owned 20 per cent of Melbourne City under the terms of the deal struck in January 2013 as part of Manchester City's push to own several teams around the world.

Optionality key for managers as Jersey gets AIFMD passport recommendation from ESMA

Recognition for Jersey’s regulatory framework for alternative funds and the recommendation that the jurisdiction should enjoy future access to a Europe-wide passport under the EU Alternative Investment Fund Managers Directive (AIFMD) has been welcom

RBC launches Emerging Markets Foreign Exchange Fund

RBC Emerging Markets Foreign Exchange Fund is suitable for clients who are looking for low duration, income yielding investments to diversify their portfolio.

Hedge-Fund Billionaires Bet on London as Revival Gathers Pace

Now managers say trading opportunities are multiplying and dealmaking is picking up.

Blackstone to buy Caiola resi portfolio for $700M

Fairstead is a family office co-founded by Stephen Siegel

E. & J. Gallo Announces Purchase of Historic Sonoma County Winery

The sale is scheduled to close on July 31, 2015. Terms of the deal were not disclosed.

10 Big Banks That Are Seriously Looking into Blockchain Technology

Some of the world’s most prominent banks including Citibank are even trying to create their own blockchain to facilitate transactions and settlements quickly.

Why vice fund investing in cigarettes, booze and sin is sticking to its guns

We've been doing poorly over the past 12 months with the evisceration of the gaming sector

Deutsche Asset & Wealth Management enters ILS market

Deutsche Asset & Wealth Management has entered the insurance-linked securities ILS market in a bid to provide clients with access to the asset class.

Despite strong performance, advisers keep the cork in wine investments

It's a diverse category not correlated to traditional asset classes, but high fees and lack of liquidity equate to too much risk

Ellen Pao, hedgie husband are losing their power couple status

The walls are finally closing in on disgraced hedge fund manager Buddy Fletcher and wife

BlackRock launches The Adviser Exchange

BlackRock has announced the launch of The Adviser Exchange, a digitally supported adviser centre, providing advisers and wealth managers with a range of new tools and services.

Hedge Funds Starboard and Third Point Find Ways to Play Alibaba

Starboard Value’s push to have Yahoo spin off its Alibaba stake is just one way that hedge funds are playing the Chinese e-commerce giant.

Advanced Markets onboards UBS as prime broker

“We are pleased to partner with UBS, one of the industry’s premier bank prime brokers, to strengthen our market position” – Anthony Brocco, Chairman, Advanced Markets Ltd

Lombard International Assurance Acquires Philadelphia Financial’s Life Insurance Companies

The parent company of Lombard International Assurance has completed the acquisition of Philadelphia Financial’s life insurance companies with all regulatory approvals received