Investec W&I suffers £600m net outflows following investment manager departures
Offset Rathbones’ positive wealth management inflows over the quarter
Companies
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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
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St James’s Place sees net inflows shrink while FUM grows in Q1 2024
Inflows fell by 64% compared to Q1 2023 as outflows remained ‘elevated’
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Blackstone hits back in Hipgnosis bidding war with £1.26bn counteroffer
Trust’s board has recommended the bid and withdrawn support for Concord Music’s offer
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Harcus Parker mulls legal action against Home Reit sister fund
Home Long Income fund launched in 2018, two years before Home Reit’s IPO
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Mattioli Woods shareholders give green light to Pollen Street acquisition
The deal values AIM-listed Mattioli Woods at £432m
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Quilter assets climb to £111.6bn as IFA inflows jump 400%
Review of appointed representative firms to commence shortly
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Abrdn’s Bird: ‘More work to be done’ to improve investments division despite Q1 inflows
Firm as a whole recorded £800m net inflows in Q1
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Woodford investors to press ahead with claim against Hargreaves Lansdown
RGL Management are preparing a second claim against the platform
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Jupiter AUM increases despite £1bn outflows from value funds
Value team’s assets shrunk from £8.5bn to £7.5bn over three months to the end of March
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IM Global Partner acquires stake in Trinity Street
The UK boutique will become its 10th partner as the firm expands into Europe