Italian asset manager Azimut has launched a New York-based company, Azimut Alternative Capital Partners.
The sale of the Portuguese bank's Spanish asset management subsidiary is to be completed in the next two to three weeks.
The fund takeover comes as London-based alternative firm Sanditon decided to liquidate itself.
Mark Denning allegedly bought shares secretly for his own benefit in some of the same companies as his funds, according to a BBC Panorama program.
Lots of capital is still being raised worldwide, but investors are a little less inclined to position themselves on the asset class, according to a Preqin study.
Thomas Merz, Vanguard’s head of distribution for Europe, explains the strategy of the American giant in Europe.
Asset News discusses ESG and investor education issues in Europe with Natalie Westerbarkey, director and head of EU Public Policy at Fidelity.
Assets under management of JP Morgan amounted to $2.2trn as of end September 2019.
The Paris-based asset manager has unveiled a new unit for pension products at French and European level.
The largest asset manager worldwide recorded an 8% asset growth year-on-year to $6.96trn.
British revered fund manager Neil Woodford on 15 October announced he was closing his business and stepping down from two other funds after Link Fund Solutions' decision to sack him up from the LF Woodford Equity Income fund and to wind up the fund as from mid-January 2020.