Andrew Formica pockets over £1m in first year as Jupiter boss
Comes despite FTSE 250 manager being hit by over £4bn of redemptions
Companies
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Ninety One bucks coronavirus turmoil as it spins out from Investec
Asset management spinout joins Ocado and Sainsbury’s among the few stocks trading up
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Brooks Macdonald sees static assets in H2 19 as outflows bite
Softer client sentiment and loss of £244m mandate hits AUM
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Quilter Cheviot loses £1.3bn as cash flows to former employee’s new venture
Cheviot founder Michael Kerr-Dineen launched Vermeer Partners in 2019
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M&G launches redundancy scheme to cut staff costs by 10%
Group AUM jumps to £352bn despite ‘challenging’ environment for retail business
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ASI trumpets Gars turnaround as outflows slow to £10.6bn
Gars outpacing rival absolute return funds from Invesco and Merian
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Weekly outlook: Rishi Sunak delivers first budget; M&G, SLA and Brooks report
The key events for UK wealth managers for the week starting 9 March
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Schroders advice business adds £100bn to AUM
But questions over whether it can rival SJP’s size in short time frame
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LGIM net flows double on £37bn Japan passive mandate
World’s largest pension fund helps group’s assets under management hit £1.2trn
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Schroders reporting revamp to provide more clarity on fee pressure
But FTSE 100 manager should avoid the trap of managing share price rather than core business
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Ninety One commits to £2bn listing despite volatile markets
Group expects to fetch between 190p and 235p a share for 16 March IPO
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Jupiter stung by Alexander Darwall departure as more money flies out the door
FTSE 250 fund group faces second consecutive year of outflows ahead of Merian deal
