Rathbones in a good mood

City A.M. Reporter
UPMARKET investment manager Rathbone Brothers sounded an optimistic note for the coming year yesterday after posting a double digit percentage rise in the assets it runs during 2012.

In a trading statement, Rathbones said while it was mindful of the political risks emanating from governments in the UK and United States grappling with tough conditions, it “looks forward to 2013 with more optimism”.

Rathbones’ total funds under management grew 13.4 per cent in 2012 to £17.98bn, boosted by a combination of strengthening stock markets, acquisitions and net inflows of new money.

The firm reported underlying organic fund growth of three per cent, down from 5.4 per cent the previous year. Rathbones will publish full results for 2012 on 20 February.