Ashmore AUM falls in challenging period for emerging markets
Ashmore Group plc assets under management fell 3% during the quarter ended June 30, as increased net inflows were offset by negative investment performance of $5.2bn.
Analysts divided on Hargreaves ahead of platform study
JP Morgan Cazenove has downgraded Hargreaves Lansdown arguing its high price tag fails to reflect regulatory uncertainties, while Numis Securities has argued the retail platformer is a “structural growth story” with room for further earnings growth.
Polar Capital and Liontrust carried by rising markets
Rising markets accounted for more than half of the growth in total assets at boutique managers Polar Capital and Liontrust over the last quarter.
Investment industry’s homophobic banter highlighted in LGBT+ report
The Investment Association (IA) has highlighted homophobic and transphobic banter as an issue that needs to be addressed by asset managers as it sheds light on coming out or being out as lesbian, gay, bisexual or transsexual (LGBT+) in the industry.