Gresham House outruns expectations and charts 50 per cent AUM growth to more than £6bn December 9, 2021 Alternative asset manager Gresham House expects to “significantly outperform” market expectations with assets under management (AUM) growth of at least 50 per cent to £6bn by the end of the year, as investors chase sustainable classes like forestry. Its confident update to the market pitched adjusted operating profit at more than £18.5m – £3m above previous [...]
Foresight appoints new infrastructure co-chief on strong demand for sustainable investments December 9, 2021 London-listed sustainable investment manager Foresight has this morning announced the appointment of Ricardo Piñeiro as a new co-head of its infrastructure division, as the group expects the trends driving its rapid growth in sustainable infrastructure investment to continue apace. Assets under management rose 13 per cent to £8.1bn in the six months to 30 September, [...]
London tie-up: Liontrust acquires Majedie Asset Management for up to £120m December 7, 2021 Liontrust Asset Management said this morning that it has agreed to acquire its London peer Majedie Asset Management, in the latest example of a trend of consolidation in the industry. FTSE 250 boutique firm Liontrust said it will pay an initial £80m for Majedie, plus an additional deferred consideration of up to £40m. Due for [...]
Martin Gilbert’s AssetCo enters bidding war for River & Mercantile November 23, 2021 Fund management veteran Martin Gilbert has been thrown into a bidding war for River and Mercantile (R&M) after the asset manager revealed it has been approached by more than one suitor. Both AssetCo, an Aim-listed acquisition vehicle chaired by Gilbert, and rival fund manager Premier Miton have made bids for R&M. Both firms already have [...]
CEO of Close Brothers asset management arm to step down November 18, 2021 Martin Andrew, the CEO of Close Brothers’ asset management arm, today announced he will step down from his role after thirteen years at the helm, to “pursue the next stage of his career.” Commenting on his departure, Andrew said: “It has been a privilege to lead CBAM and serve our clients over many years and [...]
KPMG eyes larger piece of UK’s asset management pie as it lures EY and UBS veterans November 8, 2021 Accountancy giant KPMG is ramping up its efforts in the UK’s wealth and asset management space as the firm has appointed a range of new partners. KPMG said it has appointed Dean Brown as a partner and Shelley Doorey-Williams as an Associate Partner in its market leading Wealth and Asset Management practice. Brown will support [...]
Keeping an eye on gender lens investing and women in leadership November 2, 2021 | City Talk Gender lens equity investing developed from a substantive body of research demonstrating the financial, risk management, decision-making and other corporate benefits of higher levels of women in leadership. In our coverage universe at Parallelle Finance, 27 gender lens global and regional equity funds are available to individual investors. Their assets under management (AUM) totalled $3.47 [...]
Blackstone’s earnings soar to record levels after lucrative asset sales October 21, 2021 The world’s largest alternative asset manager Blackstone has capitalised on the pandemic recovery capital markets frenzy and low interest rates to more than double its earnings in the third quarter to an all-time high. Distributable earnings shot up 112 per cent from this time last year to hit $1.6bn, or $1.28 per share, outsprinting the [...]
Exclusive: Square Mile veteran Ian Mattioli MBE says a ‘feeding frenzy’ is raging through the City October 13, 2021 Mattioli Woods is undoubtedly one of the best known firms in the City. Founded in 1991 by Ian Mattioli and Bob Woods, the wealth manager floated on the LSE in 2005. These days, the group has around 600 employees that together manage around £12bn in assets for 10,000 clients. In an exclusive interview, City A.M. [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]