St James’s Place fund in the doghouse over underperformance Investing St James’s Place’s Global Quality Fund has retained its spot as the largest fund to be consistently underperforming after falling 26 per cent below its benchmark over the last three years. The report from Bestinvest, which identified the funds in the ‘doghouse’ due to persistent underperformance, found 137 funds struggling to match their peers. Despite the [...]
Wonks think a wave of asset management mergers is inevitable Investing Across the European continent, a surge of mergers and acquisitions among asset managers has begun. Yesterday, Italian and French giants Generali and Natixis agreed to a €1.9 trillion (£1.61 trillion) merger to create the second largest asset manager in Europe. Meanwhile, BNP Paribas recently bought out AXA’s investment arm, and rumours continue to swirl about [...]
Payday for Artemis partners despite £1.4bn drop in assets Investing Partners at Artemis Investment Management received a whopping £56.8m payout for 2023 despite a drop in profit and assets under management at the fund house. The firm, which has 27 partners, suffered a six per cent slide in assets under management to £23.3bn last year, down from £24.7bn, according to accounts filed with Companies House. [...]
Artemis Alpha trust agrees to takeover by Phoenix competitor September 2, 2024 The Phoenix-run Aurora Investment Trust has proposed a takeover of the Artemis Alpha Trust, which would see the two trusts merge to combine £353m of assets. The £123.7m Artemis trust and the £198.6m Aurora trust are around 25 years old. The new trust will be named the Aurora Alpha Trust if the merger is completed. [...]
The Notebook: The City still has a class problem, and it needs to address it May 9, 2024 Paras Anand, CIO of Artemis Fund Managers, takes the Notebook pen to talk about class, grad schemes and Rory Stewart.