Polar Capital reports 10% AUM fall in ‘difficult’ first quarter
AUM fell £2.4bn amid increased global volatility and uncertainty in Q1
Companies
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Hurst Point brings Hawksmoor and Argentis under unified management structure
New CEO Andrew Westenberger names executive team to oversee the two divisions
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EQ Investors considers ‘strategic partnership’ with larger firm
Philanthropist John Spiers said he believes that passing his shares to a foundation may no longer be the right path for the sustainable investor’s future
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Alpha FMC: Regulation, AI and private markets to shape asset & wealth management growth
With AI adoption and expansion into private markets shaping the industry, companies embracing transformation will be best positioned for the future
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CBAM changes name to TrinityBridge following sale
The wealth manager’s sale by Close Brothers Group was completed this week
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Schroders announces £150m annual cost savings target in strategic shift
New three year targets announced in Richard Oldfield’s first results since taking over as CEO last November
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FCA bans ex-Credit Suisse managing directors over tuna bonds scandal
Andrew Pearse and Surjan Singh have been barred from the industry after accepting kickbacks for arranging loans to Mozambique
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Brooks Macdonald International sale completes
Sale to Canaccord Genuity allows Brooks to focus on growing its core UK business ‘organically and through targeted M&A’
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Brown Shipley: British HNWs investing more in markets and less in property
Survey of 4,000 high-net-worth UK adults found that 35% attribute their wealth to investment performance
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ACT Corporate Culture Standard signatories grow by over 50%
A further 10 firms joined City Hive’s ACT List in 2024, taking the total signatories to 27
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Evelyn Partners sells fund solutions business to Thesis
As part of wider strategic shift to refocus Evelyn Partners on its wealth management business
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Natixis IM and Generali Investments merge to create £1.6trn asset manager
The deal, which is expected to close early next year, creates Europe’s second largest asset manager by AUM and largest by revenue