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.
Ashmore assets plunge $14bn as investors pull cash July 14, 2022 Specialist emerging markets manager Ashmore revealed the value of its assets under management plunged $14.3bn in the second quarter as war in Ukraine and rising interest rates caused investors to pull back sharply.
The era of steady growth and inflation is over, BlackRock warns July 11, 2022 The world’s biggest asset manager BlackRock said today the era of steady growth and inflation was over as it revealed it had slashed its exposure to developed market equities and was bracing for extended period inflation and volatility.
Fund managers call for FCA blockchain taskforce in plans for ‘Investment Fund 3.0’ July 7, 2022 The UK’s top investment body called on government and regulators to harness the benefit of cryptocurrencies and decentralised finance today, as it claimed the industry was on the cusp of a “major technological transformation”.
Abrdn launches £300m share buyback programme July 6, 2022 Asset manager Abrdn announced a £300m share buyback programme this morning as it looks to put excess cash back in shareholders’ pockets.
Amundi plans UK expansion to focus on wealthy Brits July 1, 2022 Amundi is seeking to expand in the UK and serve the country’s £1.3 trillion wealth market. Europe’s biggest asset manager is aiming to build a UK-based marketing team in an effort to target its funds to the country’s wealthy, Bloomberg reported today. The French firm has a relatively small presence in the UK with just [...]
Jupiter boss Andrew Formica to step down after ‘extremely challenging’ period June 28, 2022 The boss of Jupiter Fund Management Andrew Formica has announced he will retire as CEO later this year after a turbulent period at the helm of the London-listed investor. Formica, who joined the firm from Janus Henderson in 2019, will step down as chief executive and director on 1 October and hand over the reins to [...]
Liontrust profits roar past £96m after resilient inflows June 22, 2022 Asset manager Liontrust posted a 64 per cent surge in pre-tax profits today after bucking the outflows seen across the sector in the past year.
FinnCap boss Sam Smith to step down after 24 years June 21, 2022 The boss of AIM-listed brokerage finnCap is set to step down after more than 20 years in the role, the firm announced today.
Gilbert’s AssetCo buys Edinburgh asset manager to bolster Scottish business June 21, 2022 Martin Gilbert’s asset management vehicle AssetCo has snapped up Scottish firm SVM Asset Management Holdings for £10.7m, as it looks to broaden its footprint north of the border.