10/21/2022
Zug WM group launches hedge fund with Jim Chanos
The strategy aims to generate alpha through its short positions and manage portfolio risk via long exposure to passive indices.
Wealth and Asset Management
10/21/2022
Analysis-Goldman Sachs' consumer pivot solves one question, but makeover raises more
A new unit focusing on financial technology products, dubbed Platform Solutions, will make up its third operating segment.
10/21/2022
Credit Suisse Divests its Allfunds Holdings
A total of almost 54 million Allfunds shares are to be sold via accelerated book building to institutional investors.
10/21/2022
St James's Place funds and net inflows suffer in 3rd quarter
Net inflows during the third quarter contracted by 15% to GBP2.19 billion from GBP2.59 billion a year before.
10/21/2022
Stonehage Fleming acquires Rootstock Investment Management
One fund to merge
10/21/2022
LGT forays into the Indian wealth management market with LGT Wealth India
As of June 30, 2022, LGT managed assets of $ 297.4 billion for wealthy private individuals and institutional clients.
10/20/2022
Ares Management Launches Secondaries Team in Asia Pacific
Danielle Lau Joins as Managing Director to Invest in Real Estate Secondary Market Opportunities
10/20/2022
Bank of America wealth arm registers 3% dip in Q3 profit
Total client balances decreased 12% to $3.2tn due to lower market valuations and net client flows.
10/20/2022
Quilter plc reports resilient gross and net flows for third quarter 2022 in a volatile market environment
The third quarter is typically a seasonally slow quarter, with this exacerbated by increasing market volatility and cost-of-living pressures, reducing gross flows.
10/20/2022
Change of leadership at the top of Schroders in Germany
The handover, which has been in preparation for some time, will be completed in the next few months.
10/20/2022
The Society for Lifetime Planning Joins Kestra Financial
With the addition of the $600 million firm, Kestra is on track for its "best year ever."
10/20/2022
Goldman Sachs merges asset and wealth arms into $2.4tn unit
The latest changes come after the asset management arm’s revenues dropped 71% in the year to date.
10/20/2022
AUM Growth Outlook Slips for Hong Kong Wealth Managers
There is less optimism about the future of wealth management in Hong Kong this year, according to a report jointly authored by the Private Wealth Management Association and KPMG China.
10/20/2022
GAM Holding AG Releases Interim Statement for the Three-Month Period to 30 September 2022
Challenging market conditions continue to impact GAM’s assets under management
10/20/2022
UBS: Investors Unrepared for History's Biggest Wealth Transfer
With so many wealth managers available, it would seem to be a foregone conclusion that more investors would have at least some basic plan in place.
10/20/2022
UK fund managers Schroders and Jupiter's assets fall on volatile markets
Schroders said the fall in its AUM was partly driven by a decline in its Solutions segment and a 5% decline in its Mutual funds unit.
10/20/2022
Third quarter new business inflows and funds under management update 2022
This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021.
10/19/2022
Fidelity International launches two funds for Howard Wright clients
Advisers at Howard Wright can blend the funds for their clients
10/19/2022
Gold Trader Philoro Increasingly Targets Swiss Banks
Precious metals dealer Philoro is now serving banks, asset managers, and other institutions such as family offices in Switzerland.
10/19/2022
Goldman Sachs folds Marcus into wealth management unit
This is despite the fact that the bank presented investors and analysts with a chart in early 2020 suggesting that the business would break even in 2022.