Janus Henderson acquires global private credit firm
Victory Park Capital manages $6bn assets
Companies
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L&G Asset Management profits drop 14% following strategy shakeup
The fees involved with merging its investment management and capital divisions proved costly, weighing on its half-year results
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Quilter sees 164% increase in core net inflows in H1 2024
Company also achieved a 28% increase in adjusted profit
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H1 results: abrdn posts 7% dip in net revenue but sees 2% uptick in AUMA
The business was impacted by outflows and lower margins in its Investments arm
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UBP to acquire Kleinwort Hambros
As part of wider deal with Societe Generale
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St. James’s Place discusses ‘future strategic focus’ in H1 results
Plans for cost base reduction aim to reach full run-rate savings of £100m by 2027
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Jupiter: Chrysalis and Whitmore exits cause £3.4bn outflow
Underlying net outflows were just £0.2m, excluding the impact of the departures, with positive flows in retail and wholesale
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‘More erratic than a learner driver’: Tesla misses earnings expectations for fourth consecutive quarter
The 45% profit fall led to a 7.8% share price drop during after-hours trading
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AJ Bell continues strong year as assets surpass £83.7bn in Q3
It attracted 25,000 new customers over the past three months, bringing its client base to 528,000
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RSMR acquired by Fintel in its ninth acquisition in a year
The fund research agency will become part of Defaqto
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VSA Capital Group posts ‘extremely disappointing’ losses of £2.7m
Cash also fell 82% as the company’s debts rose to £0.6m
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Liontrust’s pre-tax profit slides 23% in full-year results
Liontrust’s suite of funds saw net outflows of £6.1bn during the year
