Jupiter and Schroders face another grim quarter
Jupiter and Schroders are forecast to report more outflows in Q2 as many retail giants struggle to retain assets.
Companies
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Discretionary funds drive Charles Stanley assets higher
Charles Stanley saw funds under management and administration (FUMA) rise in the three months to 30 June, driven largely by its discretionary service and positive market conditions.
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Transact funds hit £32bn as outflows pick up
Transact’s total funds hit £32bn over its third quarter reporting period despite seeing higher outflows.
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WH Ireland CEO makes quick exit as AUM falls
WH Ireland CEO Richard Killingbeck is stepping down, as the company’s assets under management fall to £2.6bn in its results for the 16 months to March.
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Dollar strength hits Blackrock AUM
Blackrock saw total assets drop to $6.3trn in Q2 from $6.32trn in the previous quarter with FX movements having a deleterious effect on international sales due to the strong dollar.
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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.
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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.
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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.
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Premier assets near £7bn despite higher outflows
Premier Asset Management inched closer to £7bn of total assets under management (AUM) by the end of the third quarter despite seeing an uptick in redemptions.
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Miton teases 216% spike in net inflows
Miton has teased significantly higher inflows over the first half of the year, as the fund group’s recovery continues.
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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.
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Nucleus poaches client relations head from Standard Life
Nucleus has poached Valerie Rogerson from Standard Life to head its client relations team.
