HSBC accelerates private credit pivot with $4bn injection June 2, 2025 Europe’s biggest lender has continued its pivot into private credit funds with a $4bn investment into its asset management arm. HSBC has used its asset management business to spearhead a transition into the booming $1.6tn private credit market. The firm said it will invest the new cash into its alternative credit funds, with the goal [...]
Premier Miton: Asset manager faces tariff strain May 29, 2025 AIM-listed fund manager Premier Miton recorded a drop in its assets for the first half of the financial year, citing “investor caution, particularly toward UK and European equity strategies”. The firm’s assets under management dropped to £10.2bn, compared to £10.7bn in September 2024. Net outflows jumped to £254m, a sharp increase from £46m for the same [...]
Jupiter Fund Management stock price upgraded by City broker May 27, 2025 Jupiter Fund Management has been upgraded from a Hold to an Add by City broker Peel Hunt, with analysts praising the group’s cost-cutting programme. The asset management giant’s stock price target was increased from 76p to 90p by the broker, sending its stock price soaring nine per cent to 89p. Peel Hunt praised “early signs [...]
Slash red tape for fund managers or risk ‘industry exodus’ May 23, 2025 The government must slash red tape preventing new fund managers from setting up or risk an industry exodus, experts have warned. The rate of new fund management businesses being created has dropped precipitously in recent years as high barriers to entry have pushed too many entrepreneurs away from the industry, according to a report by [...]
The Capitalist: Chelsea Flower Show shuns celeb, a female billionaire boom and Reform vs Reform May 22, 2025 Run-ins at the Chelsea Flower show, the female billionaire boom and Reform think tank's name surrender; catch up on the latest gossip.
Aberdeen: Interactive Investor success softens mass withdrawals April 30, 2025 Investors pulled £5.2bn from Aberdeen over the last quarter, disappointing analysts that had been hoping for a turnaround since the Scottish fundhouse’s name change. The asset manager, which dropped the disemvoweled ‘Abrdn’ name earlier this year, saw withdrawals from every arm of its business over the firm quarter except Interactive Investor, it revealed in a [...]
Premier Miton: Sinking European fund drags down asset manager April 16, 2025 Premier Miton’s assets dropped sharply over the last quarter as its investors fled from one of its underperforming European equity funds. Assets under management at the fund house fell by £500m over the last three months, reaching just £10.2bn, it revealed in a trading update today. Investors pulled £221m from Premier Miton over the quarter, [...]
Brooks Macdonald suffers market hit amid ongoing acquisitions April 16, 2025 Brooks Macdonald suffered from a significant investment and market loss over the last quarter as the firm continued to integrate its various financial acquisitions. While funds under management and administration at the asset manager did swell seven per cent over the quarter, this was due to £1.6bn added through acquisitions of financial planning firm Lucas [...]
Liontrust: Withdrawals accelerate as performance deteriorates April 15, 2025 Investor withdrawals from Liontrust ramped up in the last quarter, with customers pulling £1.3bn and the asset manager losing £700m on poor market movements. Liontrust’s assets under management and advice fell 8.1 per cent to just £22.6bn across the first three months of the year, the firm revealed in a trading update today. Since the [...]
Impax stock crashes on profit warning after St James’s Place loss April 8, 2025 Impax Asset Management’s stock price has crashed more than 15 per cent after issuing a profit warning thanks to its falling assets. The asset manager reported a 26 per cent decline in assets under management after losing a £5.1bn mandate from St James’s Place. The £8.8bn drop over the last three months was in large [...]