Schroders assets dip but profits hold firm despite ‘ongoing industry headwinds’
‘Strategic rebalancing’ towards higher growth and increased longevity areas
Companies
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Jupiter cost-cutting mission sees profits soar 56%
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
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GAM refutes claims it misled investors over NewGAMe offer
The asset manager has also written to the Swiss Takeover Board
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Shareholders to vote on executive pay at Mitie and Tate & Lyle
Remuneration policy has come under the microscope due to the cost-of-living crisis
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Evelyn Partners sees record half year inflows as CEO switch nears
Assets under management and advice rose to £54.9bn
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Abrdn set to fold New Dawn trust into Asia Dragon
Circular to shareholders expected to be published in September
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Liontrust removes FMS exit condition and extends GAM offer period
NewGAMe had urged shareholders to hold off on supporting the takeover
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AJ Bell assets under advice reaches record £69.8bn
Net inflows tick down year-on-year to £1.1bn in quarter to 30 June
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More CEOs named Andrew and Simon than female leaders in FTSE 100
Not a single female CEO of colour in the blue-chip index, according to Equality Group
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GAM investors aim to scupper Liontrust takeover bid with rival offer
Offer at a 29.1% premium to the Liontrust proposal
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Another major GAM investor opposes Liontrust deal despite £20m loss forecast
This stance aligns the shareholder with NewGAMe and Bruellan
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Half of Europe’s asset managers yet to achieve 40% female representation on boards
Though boardrooms have ‘visibly evolved’, according to EY Investors Boardroom Monitor