Asset management news in Portugal

Davidson Kempner Agrees to Sell Portugal’s ECS to Draycott

Bloomberg.com6 Oct

In eight years, 79 seized vehicles and 29 boats have been allocated for public use

The vehicles in question are managed by the Asset Management Office and were handed over to justice agencies and the Maritime Police. The allocation of these assets rose by 65% between 2024 and last year.

AI creates a paradox in asset management: budgets are rising, but there is a major lack of trust in data

Asset management and financial market firms are experiencing an unprecedented rush towards Artificial Intelligence (AI). However, according to the global report 'GenAI and the Data Divide' by Clearwater Analytics, which surveyed 178 senior executives across Europe, the US, and Asia, rapid adoption is exposing deep vulnerabilities in data governance, cultural readiness, and regulatory compliance. While investment is at record levels—with 95% of firms increasing budgets and 85% planning further hikes—concerns remain high regarding the reliability and effectiveness of the technology. The study highlights that the primary barriers are human skills and data quality, with a significant gap between perceived data completeness and actual accuracy. To mitigate risks, 93% of respondents advocate for a 'human-in-the-loop' model, emphasizing that success depends on high-quality input data and unified workflows rather than fully autonomous systems.

Accountability of the adult companion

The companion, as an administrator of another's assets, is subject to the obligation to render accounts regarding how they manage the assets of the person being accompanied.

Draycott completes acquisition of Square AM and now has over three billion under management

The asset management firm Draycott, which holds venture capital and private equity investment funds, concluded the purchase of the real estate-specialized manager Square Asset Management (Square AM) this Monday. The deal, which demonstrates that the asset management sector is undergoing consolidation, means that Draycott...

Alienation of assets of minor children by parents

Whenever parents manage assets that belong to their children, they have a legal obligation to do so with the same zeal and care as they would manage their own assets.

Draycott to launch fund of funds to 'democratise private assets'

Draycott is preparing the launch of a new investment vehicle—a fund of funds—to open the range of asset management to more investors. The Portuguese venture capital and private equity firm is adapting its offering to better respond to individual investors who turn to...

The place of Artificial Intelligence in investment

In recent years, Artificial Intelligence (AI) has moved from being a distant promise to being at the centre of financial decisions. In asset management, this change represents not just another tool, but a transformation that is redesigning processes, challenging traditional models and questioning the role of the manager in the chain of...

C2 Capital Partners acquires asset manager 3 Comma

C2, which manages the lands formerly owned by Luís Filipe Vieira among other businesses, will enter the equity fund management sector.

“We will continue to see consolidation” in asset management, says Deutsche Bank company director

Asset managers will continue to gain scale through mergers and acquisitions (M&A) worldwide, but the biggest champions of this business will start to emerge in Asia. This is the forecast given to ECO by the managing director and global head of Accounting and Financial Management at the DWS group, the arm of...

Portugal has 4.7 billion of US debt to put pressure on Donald Trump

While some of Europe's largest pension funds are publicly announcing that they are selling US government debt due to concerns about American public finances and the political instability created by Donald Trump, Portuguese asset managers remain firm and do not expect to reduce their exposure to Treasuries this year. The overall position of ...

Swiss Life insurer to support asset management from Lisbon

Swiss Life Asset Managers, the asset manager of the Swiss life and pensions insurance group, will open an office in Lisbon that will operate as a centre of expertise for business support functions and IT services. According to the Swiss group, Swiss Life Asset Managers will establish itself in Portugal because it will...

After strengthening its presence in Germany and Switzerland, Fidelidade buys an asset manager in Portugal

Fidelidade's assets under management will rise by 30% after buying a majority stake in one of Portugal's leading asset managers, IMGA, which was formerly owned by BCP. The deal has been agreed, subject to regulatory approvals.