Average European fund director’s fee falls 16% since 2022
Research from Fitz Partners also finds strong correlation between AUM and compensation
Companies
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Peel Hunt: UK asset manager shares downgraded by 15% amid weak quarter
Man Group and Tatton cited as ‘bright spots’ amid a gloomy picture for financial services
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Premier Miton acquires equities boutique Tellworth Investments
The deal brings in £559m of assets
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Odey Asset Management in process of winding down
According to statement on firm’s website
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Evelyn Partners books net flows of £545m as assets hit £55.6bn
Gross inflows were up 38% to £1.8bn
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Revealed: Shortlists for the 2023 PA Wealth Partnership Awards
Winners revealed at 28 November lunch at City of London’s Landing Forty Two
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Falling mining sector payouts see UK dividends drop 8.3%
While utility sector was strongest contributor to growth, according to Q3 dividend monitor
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DWS shares fall as asset manager’s inflows underwhelm
Net inflows including cash were €2.3bn (£2bn)
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Progeny acquires IFA firm
Adding £600m of assets under management
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M&G to close £565m UK property fund
Sector has been hit with waves of redemptions in recent years
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Hargreaves Lansdown assets edge up to £134.8bn
The firm booked new business of £600m in first quarter
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Rathbones’ operating income ticks up 6.5% in Q3 results
Migration of assets from Saunderson House continues
