Goldman Sachs to begin mammoth round of redundancies
Up to 3,200 job cuts are due to be finalised in the coming weeks
Up to 3,200 job cuts are due to be finalised in the coming weeks
Contributions from three acquisitions masked a difficult year for the asset and wealth manager
Per usual, his annual letter to shareholders pulls few punches
The full closure could take up to two years
Group led by CEO Daniel Daviau offered a 30.7% premium on firm’s share price
The AIM-listed firm recorded 6.4% AUM growth in its Q1
Leaving the trust trading on a 27% discount
As part of plans to close or combine over 100 strategies to simplify offering
The struggling strategy is down nearly 40% over the last 12 months
Revenue was up 10% on H1 2022
‘A legend in the platform industry, a visionary in the truest sense of the word’
Deal adds £700m in assets under management