Baggable boutiques: The rise of the next generation of startups
Amid the tough operating environment for smaller investment companies, a new generation of launches are coming to market
Companies
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Hargreaves Lansdown receives fresh £5.4bn approach from private equity consortium
HL board would be willing to recommend the offer to shareholders should interest be firmed up
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Tatton Asset Management sets new £30bn AUM target following revenue surge
The firm’s group revenue for 2023/24 increased by 13.9%
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LGIM CEO to step down as firm merges investments and alts divisions
Michelle Scrimgeour held the role for five years
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Cannacord Genuity strikes deal to acquire £900m Cantab Asset Management
Expected to complete in the third quarter of this year
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Premier Miton AUM increases by 9% despite uptick in net outflows
Group publishes its half-year results to 31 March 2024
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Impax sees 5.9% AUM growth despite £2.7bn net outflows
Some £4.9m of AUM came from investment performance, market movement and foreign exchange
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Phoenix Digital Assets buys back half its shares in crypto bounce back
Crypto holdings soared from £47.1m at the start of the year to £71.4m
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City Hive targets 50 signatories to ACT Standard by 2025
Standard of corporate culture launched two years ago and currently has 17 signatories
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Investec W&I suffers £600m net outflows following investment manager departures
Offset Rathbones’ positive wealth management inflows over the quarter
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J O Hambro sells 14.9m Hipgnosis shares
The major shareholder reduced its position after the share price leapt 48.4%
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Janus Henderson to acquire Tabula IM as part of European ETF market push
US asset manager also announces deal for NBK Capital Partners