Earnings surge as fund manager Schroders reports a record year

Ollie Gordon
BRITISH fund manager Schroders yesterday said it had achieved a record 16 per cent growth in profits for the year ended 31 December.

The London-based firm saw profit before tax jump to £517.1m for the year, up from £447.5m in 2013.

The multinational asset manager also saw inflows almost triple to £24.8bn over the period, in turn pushing assets under management up 14 per cent to £300bn.

“2014 was a record year for Schroders,” said chief executive Michael Dobson. “We generated net new business of £24.8bn from clients around the world on the back of competitive investment performance across a broad product range and strong distribution. We believe our focus on building a diversified business across a broad range of investment strategies will continue to deliver value for clients and shareholders over the long term.”