12/20/2023
Asset managers face tougher rules on investor cash calls
Funds could not raise cash fast enough, though the industry has argued that many parts of the market came under severe stress at that time.
Wealth and Asset Management
12/20/2023
Despite delivering investors losses of 39% over the past 3 years, Liontrust Asset Management has been growing its earnings
After all, the share price is down 50% in the last three years, significantly under-performing the market.
12/19/2023
Edmond de Rothschild announces a strategic agreement and the acquisition of its third-party Asset Servicing business by Apex Group
This transaction is a noteworthy step in Edmond de Rothschild's strategy to focus on its core areas of expertise in Private Banking and Asset Management.
12/19/2023
How Asset and Wealth Management Firms Can Survive in a New Era
The industry is grappling with an unprecedented set of existential challenges.
12/19/2023
Swiss private bank Mirabaud aims to double LatAm wealth assets
The group is aiming to hit $8bn in assets under management in Latin America over the next six years.
12/19/2023
BNP Paribas hopes China wealth management arm to break even by 2026
CEO of venture remains 'cautious' in face of foreign bank onslaught into market
12/19/2023
FINMA publishes report and lessons learned on Credit Suisse crisis
As a contribution to dealing with the crisis, FINMA has comprehensively analyzed and processed the history, the associated supervisory activities, the acute course of the crisis and the resulting need for change.
12/19/2023
Leonteq acquires 10% stake in BX Swiss
The shares were acquired from the Boerse Stuttgart Group.
12/19/2023
Tavistock Investments posts a profitable first half, robust team growth
Adjusted earnings rocketed twelvefold to £1.7 million and earnings per share flipped from an interim loss in the first half of 2022 to 0.04p this year.
12/19/2023
Atomos sweeps up two more advice firms to close out 2023
Firms in Devon and Surrey to be integrated by the end of March
12/19/2023
Hipgnosis Songs pulls half-year results due to valuation concerns
Royalties fund delays its interims after ‘heavily caveated’ response from manager Merck Mercuriadis to questions over the valuation of assets following two heavily discounted sales.
12/19/2023
Geneva private bank on track for record profits
Banque Cramer’s assets under management reached CHF 3.4bn in November.
12/19/2023
How 2023 became the year of the axe for asset management chiefs
From Matthews Asia’s aggressive reworking to Jupiter’s strategic charm offensive, the past 12 months have been a period of downsizing and redirection.
12/19/2023
ASIC issues infringement notice to Northern Trust Asset Management for greenwashing
ASIC was concerned the information in the PDSs was misleading because the Carbon Emissions Exclusion Screen was not properly applied.
12/19/2023
Schroders joins GREEN to drive sustainability in real estate
Joining GREEN will allow Schroders’ Global Cities team to work alongside its peers to engage with listed real estate companies and implement meaningful change.
12/19/2023
Rathbones Investment Management International wins at WealthBriefing awards
Each of these categories is highly contested and is subject to a rigorous process before the ultimate winner is selected by the judges.
12/18/2023
St James’s Place: wealth manager pays price for fee structure change
Higher borrowing costs make it more expensive for any new buyers of partner franchises
12/18/2023
Lombard companies in Bermuda are no longer under review
The outlooks assigned to all these credit ratings is stable.
12/18/2023
Linda Mack of Mack International shortlisted in 2023 Private Asset Management Awards: Best Consulting Firm for Family Offices and Women in Wealth Advocate of the Year
Firmly established in a crucial niche of the executive search market, Linda Mack is a highly sought-after speaker at Family Office and Family Investment conferences on a global basis
12/18/2023
Asset managers on course to manage EUR 29 trillion in 2023
New report shows benefits of asset managers to investors and the European economy