Schroders chief Peter Harrison set to retire next year April 24, 2024 The veteran chief of Schroders, Peter Harrison, is set to step down next year after eight years at the helm of the FTSE 100 funds group, the firm announced today.
Abrdn records rebound in flows as boss says cost-cutting is ‘on track’ April 24, 2024 Money manager Abrdn said its cost-cutting programme was “on track” today as its total funds under management ticked up in the first three months of the year ann the flow of cash into the firm rebounded.
Cathie Wood on losing $14bn, Trump and where the UK has an edge over the US April 24, 2024 Cathie Wood has an answer to those accusations that her investment firm lost billions of her investors’ money investing in tech stocks.
Jupiter outflows surge after star fund managers leave for new ventures April 23, 2024 Jupiter Fund Management saw significant outflows in the first quarter, thanks to the loss of Chrysalis investment trust and the unpopularity of the firm's value strategies.
Man Group: World’s largest publicly listed hedge fund’s assets swell to new record April 19, 2024 The world’s largest publicly listed hedge fund group updated its shareholders with a trading statement
Cathie Wood’s ARK expands to Europe despite poor performance April 18, 2024 Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. “These funds managed to lose value for shareholders even [...]
Brooks Macdonald outflows surge to £300m as cost-cutting pays off April 17, 2024 Investors in Brooks Macdonald pulled £300m from the asset manager's funds last quarter, much higher than previous months.
Liontrust continues to struggle with investor outflows despite positive fund returns April 17, 2024 Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in outflows during the first quarter of 2024. Despite the massive withdrawals, the company’s assets under management stayed flat during the quarter at £27.8bn. A total [...]
Tatton AM: Meet the one asset manager actually doing well right now April 16, 2024 Customers actually putting money into asset managers, rather than withdrawing billions, may seem like an unbelievable situation nowadays, but Tatton Asset Management is the rare exception. The AIM-listed company’s assets under management jumped by a whopping 27 per cent in the last year, after investors poured billions into their funds. Tatton AM now manages £17.6bn [...]
Meet the fund managers: Matching multi-asset to macroeconomic shifts April 15, 2024 This week on Meet the Fund Managers, we’re hearing from Bhavin Shah, lead manager on the multi-asset BNY Mellon FutureLegacy range.