Ninety One cuts dividend as assets fall and outflows continue June 5, 2024 "Challenging" market conditions have hurt the asset manager Ninety One.
Intermediate Capital: Shares hit all-time high as asset manager’s profit more than doubles May 28, 2024 Asset manager Intermediate Capital has raised its dividend for the 14th year in a row on the back of bumper annual earnings.
‘He was a consonant force’: The five best psstk social media posts about Abrdn chief’s exit May 24, 2024 The City has given outgoing Abrdn chief Stephen Bird a vowel-stripped send off today after the fund chief announced he would be stepping down after four years at the top.
Abrdn launches succession plan as chief executive Stephen Bird steps down May 24, 2024 Asset manager Abrdn is on the hunt for a new leader after it announced today that Stephen Bird will be stepping down as chief executive.
Threadneedle accuses KKR of ‘ram raiding’ UK equities in fallout from IQGeo bid May 19, 2024 Threadneedle has accused KKR of "ram raiding" the London stock market, in the wake of the US private equity firm's takeover of IQGeo.
More than half of Invesco funds performance flagged as an ‘area of concern’ May 15, 2024 Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority.
Evelyn Partners continues streak of inflows in rare asset management success story May 14, 2024 Evelyn Partners recorded a rare success story in the asset management industry, bringing in £300m in new money over the first quarter of 2024. The wealth management and accountancy firm recorded assets under management of £61.8bn by 31 March, up from £59.1bn at the start of the year thanks largely to strong performance. Market movement [...]
Asset management industry ‘under pressure’ as costs rocket May 7, 2024 The global asset management industry is coming “under pressure” globally this year as costs rocket at nearly twenty times the rate of revenues, Boston Consulting Group has warned.
Hargreaves Lansdown: Revenue boosted by UK investors going overseas April 30, 2024 Overall, Hargreaves Lansdown reported net new business inflows of £1.6bn in the quarter, flat quarter-on-quarter.
St. James’s Place shrugs off uncertainty as wealth manager continues to pick up assets April 30, 2024 Thanks to inflows and a positive market performance during the first three months of the year the company ended the first quarter with closing funds under management of £179bn.