Payday for Artemis partners despite £1.4bn drop in assets Investing 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. [...]
Liontrust continues to struggle with investor outflows despite positive fund returns Asset management Investors continued to pull money from Liontrust’s funds in the first quarter of 2024. In a trading update issued this morning, the asset manager said it had recorded £1.2bn in outflows during the first quarter of 2024. Despite the massive withdrawals, the company’s assets under management stayed flat during the quarter at £27.8bn. A total [...]
Polar Capital sees ‘positive momentum’ as market returns offset outflows for the fund manager Investment Polar Capital, the specialist fund manager, has reported an uptick in assets under management (AuM) in the last quarter, as well as a period of net inflows, as it expects investors to seek more exposure to improving global equity markets.
Former St James’s Place boss denied £450k bonus after tumultuous 2023 April 8, 2024 The board of wealth manager St James’s Place has cancelled a £456,700 bonus due to its former chief executive for 2023 after his final few months in the role saw the FTSE 100 firm in turmoil from excessive fees.
Abrdn hands chief £800k bonus as profits dip and clients pull £13.9bn February 27, 2024 Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.