Abrdn: Scottish asset manager makes turnaround on flows Investing Abrdn has reported “significant progress” on managing to keep hold of investor cash, as the Scottish asset manager continues on its cost cutting plan. The firm received £2.3bn into its institutional and retail wealth arm over the last quarter, pushing up 2024 to a positive year for new cash, it revealed in a trading update [...]
Brooks Macdonald to move off AIM as firm eyes further growth Investing Brooks Macdonald is set to ditch AIM for the London Stock Exchange’s main market as the asset manager looks to enhance its profile and drive growth. In a trading update, the asset manager said that the move would enhance its “corporate profile,” as well as extend the “opportunity to own its ordinary shares to a [...]
Liontrust: Outflows continue for money manager Investing Investors have continued to pull cash from asset manager Liontrust. In a trading update published this morning, the firm revealed that investors pulled £1.6bn from its funds in the last three months of the year. The firm revealed that assets under management fell 5.3 per cent to £24.6bn at the end of 2024. Markets had [...]
Exclusive: Brooks Macdonald makes senior layoffs January 15, 2025 Brooks Macdonald has laid off a number of senior staff, including the firm’s global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were described by one former employee as “pretty brutal”, having occurred in the months before Christmas. The layoffs first seem to have [...]
How Abrdn became the most shorted company in the UK December 3, 2024 Abrdn is now the most shorted company in the UK, as the Edinburgh-based asset manager has struggled to convince the market it has staying power in the industry. The FTSE 250 fundhouse has been a perennial member of the most shorted stocks for a while, but has succeeded in taking the top spot thanks to [...]
Renewi: Share price rockets on £700m Macquarie takeover offer November 28, 2024 Australian asset management giant Macquarie has made an offer to buy FTSE 250 waste disposal company Renewi for $887m (£701m). In a stock exchange notice, Renewi said the two firms had “reached preliminary agreement on the financial terms of a potential acquisition”, with the board recommending the price to investors, if a firm offer under [...]
Abrdn shakes up top team in turnaround push November 19, 2024 Abrdn’s new chief executive Jason Windsor has revamped his leadership team today as part of efforts to breathe life into the beleaguered asset manager after years of sluggish performance. In an statement today, the vowel-stripped FTSE 250 investment house revealed it had promoted its client head, Xavier Meyer, to chief of investments, and Richard Wilson, [...]
Tatton Asset Management: Flourishing while others flounder November 13, 2024 Tatton Asset Management might be a name you haven’t heard of – but it seems like you will soon. Listed on London’s junior market AIM, the fundhouse’s stock price has more than tripled over the last five years. With a skyrocketing profile, Tatton has recorded sector-leading growth. The amount of new money coming into its [...]
Schroders shares plummet after investors pull £2.3bn November 5, 2024 Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]