InvestmentEurope looks back at some of the key events of the past year.
Austrian fund selectors tend to be conservative and prefer the tried and tested to flashy presentations and detailed rather than over-frequent reporting, according to a survey by Incisive Strategy Research & Consulting.
2012 will be a difficult year for Portugal and the Portuguese asset management industry which will face rising competition fort scarce resources and an uncertain global environment.
It has not been a good year for Spain and the country’s fund managers and 2012 looks equally challenging with developments depending on factors outside the authorities’ control and on the new government’s ability to implement reforms and restore investor...
Mariano Rajoy, Spain’s new prime minister, has confirmed the key policies to be implemented by his government to deal with the country’s economic and social crisis.
News from SWIP, Aviva Investors, Deutsche Bank, Lyxor, Pioneer Investments, Lipper, STOXX, S&P Capital
The International Monetary Fund’s fifth review of Greece’s rescue programme marks a welcome shift in the institution’s approach to the Greek crisis, but its suggestion to rewrite Greek law to make restructuring easier is “unprecedented and alarming,”...
The UK financial services sector contributed an estimated £63bn in UK government taxes in the 2010/11 financial year, accounting for 12.1% of total UK tax revenue, according to a report for the City of London Corporation by PwC.
European Commission proposals for a directive to regulate venture capital funds will hinder rather than benefit venture capitalists, according to David Blair, head of regulation at law firm Osborne Clarks.
The worst of Europe’s debt crisis has passed and there will be no problems implementing measures agreed at the December 9 European Union summit, according to Francisco Gonzalez, president of the BBVA banking group.
Ucits registered net outflows of €30bn in October, reflecting exits from long-term Ucits and money market funds, though this was less than September’s €49bn, according to the latest investment fund industry fact sheet from the European Fund and Asset...
News from Alliance Trust, Threadneedle, Anello AM, Systematic Alpha, Investec, Muzinich & Co, Esma
A positive outcome at this week’s European Union summit will help Portugal’s asset management industry, though it will still face many problems, said Paulo Gonçalves, asset coordinator at Banco Popular in Lisbon.
The International Monetary Fund (IMF) has completed its fifth review of Greece’s economic performance and approved the immediate disbursement of SDR1.9bn (about €2.2bn) in financial aid. This brings total IMF financing under a stand-by programme for Greece...
The past year's financial turmoil has intensified competition across Spain’s asset management industry as companies fight for a share of a diminishing wealth market, with both local and international asset managers under pressure.
News from Polar Capital, SYZ & CO, Natixis Global Associates, Cheyne Capital, Fitch, iShares
The Spanish economists association (CGCEE) has launched EAFInforma, a new publication to cover developments in the independent financial advisory industry.
The Hedge Fund Association (HFA) has appointed José Castellano, managing director of Pioneer Investments, as director of a new southern European Union chapter for the organisation.
The financial crisis has caused a strong decline in investment from households in Spain and a significant restructuring of portfolio assets, according to Julio Segura, president of the Comisión Nacional del Mercado de Valores (CNMV), Spain’s market regulator....
Henderson Global Investors has hired Javier Cuellar (pictured) as portfolio manager for its Spanish office, part of its £12.4bn property arm.
Spanish banks will need to make extra provisions to cover their real estate and construction industry bad loans, according to local press reports.
Investors and banks are anxiously waiting for Mariano Rajoy, Spain’s next prime minister, to clarify how he intends to resolve the country’s enduring banking crisis.
News from: Pictet AM, Schroders, First State, Bloomberg, BBVA AM, BNY Mellon, SGSS and Banco Cooperativo
Fitch Ratings has downgraded Portugal's long term foreign and local currency issuer ratings to 'BB+' from 'BBB-' and short-term rating to 'B' from 'F3' with a negative outlook.
Spanish banking group BBVA has launched a new management and advisory service for its clients that combines remote access, personalized financial advice and virtual banking.
Spanish investors hope the incoming government will set to work quickly and announce what measures it will implement to help resolve the country’s economic and financial crisis.
News from T. Rowe Price, HSBC Jintrust, Carlton group, State Street, Efama, JP Morgan AM
The priority for the next government after this weekend’s general election in Spain will be to act quickly to restore investor confidence, according to Angel Martínez-Aldama, director general Inverco, the Spanish asset management and pension funds association....
Europe’s financial crisis has opened up opportunities in the equities and bond markets but these are undermined by growing short-term pressures from investors worried about the safety of their investments, according to Paulo Gonçalves, coordinator asset...
Troubled Spanish regional institution, Banco de Valencia, will need an injection of capital if it cannot raise sufficient funds to meet regulatory capital requirements.
News from SEI, American Century, Heartwood, Hermes BPK, IMA, Morningstar, Fundsmith, Bramdean AM, SYZ AM and Lipper
Santander Asset Management has appointed Dolores Ybarra as its global chief investment officer in a move designed to further strengthen the company’s global structure.
What do you do as a fund manager if your worst dreams come true and you are handling other people’s money? Jose Luis Jimenez, CEO of March Gestión, a Spanish family office, looks ahead and gives his appraisal of possible worse case scenarios.
The Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV), has provisionally suspended trading in shares of Banco de Valencia, the troubled regional bank which is estimated to face a financial gap of €600m.
The summer’s financial turmoil has intensified competition across Spain’s asset management industry as companies fight for a share of a diminishing wealth market cake with both local and international asset managers under pressure.
Pioneer Investments has appointed Teresa Molins as senior sales manager for Spain and Portugal in a move designed to strengthen its business in Iberia.
It’s not quite a revolution but the arrival of independent financial advisers is shaking up old habits among Spanish investors and fund managers.
Spanish banks will benefit from new capital requirements set by the European Banking Authority, said ECB executive board member Jose Manuel Gonzalez-Paramo.
As the crisis in Europe threatens global economic recovery, investors are looking at more attractive alternatives in emerging markets and turning their attention to Latin America.
Foreign managers in Spain saw their assets under management decline by an estimated 6% in the third quarter to about €47bn, according to figures from Inverco, the Spanish asset management association, cited by the Funds People news service.
Banco Santander, the eurozone's biggest bank, said a significant charge for mis-selling payment protection insurance(PPI) hit profits in Q3, but its capital cushion would lift it out of danger territory.