Gresham House assets jump above £7bn off flurry of alternatives fundraises
Open-ended funds scrape together £70m, while Grid enjoys ‘significantly oversubscribed’ £150m placing
Companies
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Woodford pulls the plug on UK comeback venture
Application has been filed to strike WCM Partners from the Companies House register
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Progeny assets hit £6.5bn as it snaps up Scottish adviser
Company’s third acquisition in the country
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Weekly outlook: AUM updates from Ashmore and Ninety One as US inflation print looms
Key events for UK wealth managers for the week starting 11 July
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Lesley Duncan and four others exit as Abrdn merges UK and European equities desks
Ben Ritchie to become head of European equities
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Shareholder discontent delivers blow to Assetco bonus scheme
The long-term incentive plan would have resulted in greater dilution of shares
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Abrdn shares pep up as it confirms £300m buyback scheme
In a sign its acquisition spree could be coming to an end
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Pinnacle: Talented investment professionals are ‘scarce and precious’
Managing directors Ian Macoun and Ben Cossey talk ‘supported independence’ and fine-tuning where managers focus their efforts
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Fundsmith handed clean sheet after section 166 review
Terry Smith’s boutique has been given recommendations but will not need to take further action
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Titan Wealth swoops on second DFM this year
Deal adds around £180m in AUM
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Weekly outlook: Sainsbury’s sheds light on cost-of-living squeeze and flurry of US jobs data
Key events for UK wealth managers for the week starting 4 July
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Acquisitions help Kingswood deliver whopping 488% jump in revenue
It is in talks to buy eight more companies