Parmenion sells down UK equity income and ups corporate bonds to neutral
After concluding economy is in the early stages of a recession
Companies
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LTIT ‘hobbled’ by Lindsell Train Limited, admits Michael Lindsell
As trust swings to a discount
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Hope for Woodford investors as Link puts UK arm up for sale
FCA’s earlier demand for £356m could make or break any potential deal
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Gam on track for at least CHF 20m in cost savings this year
Swiss asset manager currently has seven funds in liquidation
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Net inflows onto AJ Bell’s platform plunge 17%
But the investment arm sees AUM jump more than a quarter
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St James’s Place assets perk up
However FUM remains a long way from the £154bn it had on the books at the start of the year
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Saunderson House a steadying presence amid improved Rathbones results
Funds under management and administration down £10.7bn since the start of the year but most was lost in H1
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Mixed Q3 for departing Quilter CEO Paul Feeney
Net inflows provided little cushion for the 2% drop in assets under management and administration
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Liontrust assets on the slide
AUMA has fallen nearly 9% since July
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Transact posts ‘resilient’ Q4 results
Number of advisers using the platform jumped 5% in a year
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Record low equity exposure pays off for Ruffer
Amid ‘toxic cocktail of persistent inflation, central bank hawkishness, recession risk and political uncertainty’
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8AM deal helps Tatton AUM jump £1bn
As challenging markets offset net inflows of £907m
