Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations Liontrust 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’ Ashmore 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 Wealth management 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 [...]
Former Janus Henderson analyst charged in £1.5m insider trading case January 25, 2023 The UK’s financial watchdog has launched criminal proceedings against five individuals over claims they used insider information from an analyst at a top asset manager to illegally generate profits of £1.5m. The Financial Conduct Authority (FCA) claims Redinel Korfuzi, a former analyst at asset manager Janus Henderson, and his associates allegedly used confidential information from [...]
Blackrock’s profit and AUM down but world’s largest fund manager reports net inflows of $146bn January 13, 2023 Blackrock reported an 18 per cent drop in its fourth-quarter profit blaming an ‘operating environment unlike anything we’ve seen in decades’. The world’s largest fund manager still managed to net increase inflows, which totalled $146bn during the three months ending 31 December. Blackrock’s net income income fell 23 per cent to $1.3bn (£1.1bn) from $1.6bn [...]
Blackrock poised to cut 500 jobs as the world’s biggest money manager hit by downturn January 12, 2023 Blackrock is planning to lay off 500 staff globally, according to reports, as the world’s largest asset manager continues to grapple with 2022’s market sell-off. The planned redundancies, first reported by Reuters and Insider, represent a roughly 2.5 per cent reduction in Blackrock’s global workforce. They were communicated to employees in an internal memo from [...]
Exclusive: City asset finance chief on how to stay calm amid eye-watering inflation January 12, 2023 Inflation numbers hit record levels in 2022, while the cost of living crisis raged and interest rates went through the roof. Without a doubt, it was – and continues to be – a turbulent and uncertain time for many players in the City and beyond. Time for City A.M. to catch up with Mike Randall, [...]
Millennials ignored by UK’s financial institutions as boards stumble towards gerontocracy January 9, 2023 The boards of banks, asset managers and fintechs are outstripping their European rivals at female representation, but failing to take on any millennials, according to new research. EY’s report found that there were no board members under 40 in any of the UK’s top financial services firms. The report on board diversity shows that in [...]
Odey Asset Management taking sexual assault claims “extremely seriously” – reports December 6, 2022 Bosses at Odey Asset Management have reportedly said they are treating claims of sexual assault against founder Crispin Odey “extremely seriously”, after new claims were reported in the media this week.
Liontrust doubles down on current strategy in face of ‘challenging’ economic conditions November 18, 2022 Asset manager Liontrust today vowed to maintain its dividend as it doubled down on its current strategy in the face of “challenging” macro-economic conditions. The FTSE 250 asset manager’s chair said Liontrust remains “steadfast” in its belief that its current strategy is “the correct one” and that is being “implemented effectively as possible,” as he [...]