Aversion to equities pays off for Ruffer Investment Company
NAV total return hit 8% for the year as the firm turned its back on the asset class
Companies
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Odey AM profits suffer as performance fee income plunges 60%
Boutique’s management fees rose to £20.2m in the year to 5 April 2022
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Chrysalis vindicated for ditching Revolution Beauty at hefty discount?
Shares in the firm were suspended in September, with the trust selling out at a 90% loss in November
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Polar Capital assets slide 16%
£2bn lost to market movements and performance in nine months to the end of 2022
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Brooks Macdonald FUM up 4.5%
It still has some way to go to get back to the £17.3bn of funds under management recorded at the end of 2021
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Goldman Sachs to begin mammoth round of redundancies
Up to 3,200 job cuts are due to be finalised in the coming weeks
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Team makes loss despite 94% AUMA growth
Contributions from three acquisitions masked a difficult year for the asset and wealth manager
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Terry Smith takes aim at Paypal after Fundsmith’s poor performance
Per usual, his annual letter to shareholders pulls few punches
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RBC Wealth Management to exit Guernsey
The full closure could take up to two years
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Canaccord Genuity’s top team makes £700m takeover bid
Group led by CEO Daniel Daviau offered a 30.7% premium on firm’s share price
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Impax bucks sector trend by posting £800m net inflows
The AIM-listed firm recorded 6.4% AUM growth in its Q1
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December drags on Caledonia’s returns
Leaving the trust trading on a 27% discount
