Ashmore suffers again as chief exec awaits return to fortunes January 13, 2015 ASHMORE, the emerging market-focused money manager, stumbled again last quarter after investors pulled $4.2bn, driving assets under management to a fresh low. The company’s stock market investments, geared toward companies in territories like China and Brazil, also declined by $2.8bn during the three month period ending December 2014. Assets under management fell 10.7 per cent [...]
What is Nimbuzz? Ashmore Group’s Jerome Booth set to battle WhatsApp with new messanger app October 29, 2014 The City’s favourite emerging markets evangelist Jerome Booth has er, re-emerged, having been relatively quiet since he stepped down as head of research at Ashmore Group last summer. What’s he up to, I hear you ask? Aside from sporting this fetching turban, he’s been on the acquisition trail with New Call Telecom, one of the [...]
Ashmore stops the rot to report quarterly inflow July 10, 2014 FUND manager Ashmore Group showed it was healing yesterday after returning to fund inflows for the first time in three quarters. The FTSE 250 group, founded by billionaire Mark Coombs, attracted $1.6bn (£934m) from investors for the three months to the end of June after customers pulled $3.5bn in the second quarter and $6.2bn in [...]
Ashmore hopes for emerging market uptick April 10, 2014 BILLIONAIRE Mark Coombs, the founder of fund manager Ashmore Group, yesterday gave a bullish assessment of emerging market stocks despite his group seeing $6.2bn flow out of funds last quarter. Coombs, chief executive at the FTSE 250 group, tried to soothe concerns that emerging markets were broken in the wake of steep price declines and [...]
Dollar’s retreat sinks Ashmore as investors flee February 25, 2014 A WEAK dollar helped propel a big slide in profits at fund manager Ashmore last year, as continued uncertainty over emerging markets helped drive outflows at the group. The emerging market specialist blamed the dollar’s retreat against sterling during the last six months of 2013 for a £30m decline in pre-tax profits. Sterling rose nine [...]
Ashmore rocked by jitters over emerging debt January 14, 2014 EMERGING market specialist Ashmore Group crashed on the stock market yesterday after it revealed an exodus of cash from funds and a cut to management charges which will reduce revenues by $25m (£16m). Shares in the company fell more than 12 per cent after it revealed that investors pulled $3.5bn from its funds in the [...]
Ashmore wins China investment licence in first for a western firm January 7, 2014 LONDON’S push to become a leading foreign centre for yuan trade took a step forward yesterday after Ashmore became the first western asset manager to secure a licence to invest directly in China’s capital markets. China’s cautious embrace of international cash resulted in a coup for Britain last October, when London became the sole non-Asian [...]