Asset manager Ashmore suffers due to war, inflation and high rates but looks to improving conditions September 2, 2022 Emerging Markets asset manager the Ashmore Group suffered due war, inflation and higher interest rates, but hopes the next 12 months offers potential for better conditions. The group registered $64bn assets under its management but 13 per cent lower net revenue year-on-year for the year ending 30 June. Its statutory profit before tax declined by [...]
Tatton Asset Management bolsters investments offering with £7m 8AM tie-up August 15, 2022 Asset manager Tatton announced it had completed its tie-up with fund manager 8AM Global for £7m today, as it looks to bolster its investment offering and capitalise on four months of steady inflows this year. London-headquartered Tatton, which manages around £11.2bn, said it had acquired a 50 per cent stake in 8AM through a deal [...]
Abrdn snaps up stake in London crypto startup Archax August 13, 2022 Scottish asset manager Abrdn has bought a stake in the UK’s first regulated crypto trader Archax in a major vote of confidence in blockchain technologies and cryptocurrencies. The acquisition, for an undisclosed sum, will see Abrdn become the crypto startup’s largest external shareholder, the crypto firm said in a statement. Launched in 2018, Archax is [...]
FCA to swoop on City’s asset managers over misleading ESG investment August 10, 2022 The UK’s City watchdog is poised to swoop on asset managers if they promote “misleading” sustainable investments, as it prepares to ramp up its scrutiny of the ‘environmental, social and governance’ (ESG) label.
Abrdn shares plunge after market turmoil sparks £320m loss August 9, 2022 Shares in Abrdn plunged today after the asset manager reported a £320m loss and a sharp slide in assets under administration in the first six months of the year, after a turbulent period on markets.
Man Group shares dive as choppy markets spark fall in assets under management August 2, 2022 Shares in fund management giant Man Group plunged nearly six per cent this morning after it reported a dip in its assets under management and warned that market turbulence may lead to volatile flows in the months ahead.
French asset manager Amundi takes hit from turbulent European markets July 29, 2022 French asset manager Amundi today said the value of the assets it manages has dropped by 4.75 per cent compared to three months ago, due to “unfavourable” market conditions. The Paris headquartered firm said net incomes for the first half of the year were 16 per cent lower than a year ago, as it said [...]
Bridgepoint boasts success despite economic challenges and announces solid first half of 2022 July 26, 2022 Shares in private growth investor Bridgepoint surged today after it shrugged off recessionary fears to post a jump in pre-tax profits for the first half of the year. The FTSE-250 firm said revenues topped £140.1m in the six months to the end of June, up from £122.2m in the same period last year, as underlying pre-tax [...]
Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
Barclays on the hunt for Chinese banking partner to enter $4.3tn asset management market July 14, 2022 Barclays is on the hunt for a Chinese Banking partner as it looks to grow its footprint into the Chinese asset management market, according to reports today.