Baroness Morrissey: Give twice as many new funds to female managers September 11, 2023 Money managers in the city are under fire for a lacklustre record on gender equality today after a new report found progress in hiring female fund chiefs has stalled. Former chair of AJ Bell, Baroness Morrissey, has today urged firms to shift female representation up the agenda after a new report found that just 12.1 [...]
Fund manager Ashmore sees six per cent profit drop on outflows September 6, 2023 Emerging markets-focused fund manager Ashmore (ASHM.L) reported a six per cent fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
Rebel GAM group reveals choice for chief ahead of emergency boardroom clear-out August 30, 2023 The group of GAM shareholders that helped torpedo Liontrust’s takeover has named its preferred choice to head the firm today, as GAM prepares for a total boardroom clear-out following the collapse of the deal.
London money managers reveal toll of turmoil as Jupiter and St James’s assets rise July 27, 2023 Fund house Jupiter reported a bump in assets and a sharp rise in profits in the first six months of the year in a mixed morning of results for London’s big money managers. The London investment firm said its assets ticked up two per cent to £51.4bn in the first half of the year while [...]
Asset managers exposed to liquidity risk, FCA warns July 6, 2023 The City’s asset managers have left “gaps” in their liquidity management and could be exposed in the event of a run from investors, the Financial Conduct Authority has warned.
Brett Christophers: Be wary of outsourcing climate change response to ‘ruthlessly extractive’ asset managers June 18, 2023 Academic Brett Christophers has warned that governments’ attempts to outsource the response to climate change to asset managers, such as those at Blackstone and Brookfield, will have damaging consequences. Christophers, who recently published Our Lives in their Portfolios, told City A.M. that “the infrastructural response to climate change both in terms of mitigation and adaptation [...]
TEAM: AIM-listed asset manager in acquisition spree with £850m now under control June 1, 2023 TEAM, the Jersey-based asset manager, has announced two acquisitions today bringing its total funds under control to more than £850m It agreed to buy Thornton Associates, based in the Isle of Man, for up to £2.5m and that the acquisition was a “natural fit” for its existing assets in Jersey. Thornton serves around 180 clients, [...]
Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
Quilter’s assets under management falls by more than £10bn but signs of hope remain January 25, 2023 Quilter’s assets under management and administration (AuMA) fell by more than £10bn in 2022 as the asset management industry continues to grapple with instability in the global economy. In 2022 the wealth manager saw AuMA fall to £99.6bn from £111.8bn the year before. Average AuMA for the fourth quarter of 2022 was £98.8bn, below the [...]