Defensive stance sees Ruffer performance suffer
Rica failed to gain from the market rally, but defended its positioning
Companies
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Evelyn Partners buys tax advice firm
In a bid to expand its footprint in the north of England
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Exo Investing to shutter its UK operations
Six months after Abrdn pulled out of buying the platform, instead opting to invest in parent company Nucoro
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BP shares surge on record £23.3bn profit
But sustainability headache looms for asset managers as the oil & gas giant waters down renewable energy promises
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Rothschild & Co to de-list?
Shareholder believes private ownership would be ‘more appropriate’ for the business
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Baillie Gifford suffers £113bn drop in assets under management
Scotland-based investment firm was hit hard by sharp sell-off in growth stocks last year prompted by the Fed’s monetary tightening
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Pridham Report: Blackrock and LGIM weather torrent of outflows
Fidelity also improved gross year-on-year sales, as passive strategies won out in a tumultuous 2022
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Peel Hunt and Hargreaves enter platform partnership
Rex, to be rebranded as Retailbook, enables retail investors to carry out capital market transactions
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Advice firm consolidator makes first acquisition of 2023
Deal adds more than £450m in funds under management
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Q4 recovery arrests AUMA decline at Evelyn Partners
Net inflows were up £625m during the quarter but assets still have some way to recover
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Dividend growth to slow after bumper 2022
Companies forked out more than £47bn as buyback schemes kicked into high gear
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Liontrust to rebrand multi-asset funds
As it appoints Hymans Robertson and Defaqto to oversee allocation and risk profiling
