Liontrust assets plunge as investors pull £1.1bn from funds October 10, 2024 Liontrust’s assets under management slumped over the summer as investors pulled £1.1bn from its funds. Every area of the asset manager’s business saw net outflows in the second quarter of its financial year, with the largest, UK retail funds and managed portfolio services, suffering a £904m exodus from investors. “We anticipated that the industry had [...]
Payday for Artemis partners despite £1.4bn drop in assets October 2, 2024 Partners at Artemis Investment Management received a whopping £56.8m payout for 2023 despite a drop in profit and assets under management at the fund house. The firm, which has 27 partners, suffered a six per cent slide in assets under management to £23.3bn last year, down from £24.7bn, according to accounts filed with Companies House. [...]
Legal & General: FTSE 100 giant appoints Eric Adler to lead asset management September 24, 2024 "In a competitive global search, Eric stood out for his growth orientation," boss António Simões said.
Litigation Capital Management profit drops but strategic plan remains on track September 17, 2024 The firm's pretax profit in the 2024 financial year dropped to AUD16.1m (£8.2m), down from AUD42.7m last year.
M&G no longer the industry exception as investors pull £1.5bn September 4, 2024 Investors in M&G pulled £1.5bn from the investment manager over the last six months, as the group finally fell foul to the mass withdrawals that have plagued the industry. The outflows from M&G came as a surprise, as the group has traditionally been able to avoid the negative sentiment felt by many other British money [...]
Vanguard: Asset manager soars to second most popular UK retail investor pick August 20, 2024 Vanguard has jumped to become the second most popular asset manager among UK retail investors for the first time. While American passive manager Blackrock has long dominated the number one spot for net sales among UK retail investors, this is rival Vanguard’s first time in the quarterly Pridham Report. Vanguard brought in £1.6bn in net [...]
Aviva: Profit and sales jump at FTSE 100 giant as UK premiums surge August 14, 2024 Insurance giant Aviva reported that sales, operating profit and dividend were all up for HY 2024 as the group generated over £6bn in general insurance premiums
GAM: Swiss asset manager aims for 2026 profit despite Liontrust debacle August 8, 2024 Swiss asset manager GAM is targeting a profit in 2026 after a tumultuous couple of years that saw it reject a takeover bid from rival Liontrust. GAM reported that it had an IFRS (International Financial Reporting Standards) net loss of 39.1m Swiss francs (£26.6m) in the first half of the year, only around half of [...]
Abrdn records net inflows as fund manager prepares to appoint new chief August 6, 2024 Abrdn has reported improved flows and progress on its cost-saving efforts as the fund manager gears up to appoint a new chief executive.
Axa reports over £50bn in revenue amid talks to sell asset management unit for whopping fee August 2, 2024 French insurer Axa reported £50.8bn in revenue as firm enters talks with BNP Paribas to sell asset management unit for £4.3bn.