Impax assets jump 15% as net inflows hit £2.3bn
AUM is up 71% in the financial year-to-date as demand for sustainable products persists
Companies
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41 firms join Net Zero Asset Managers initiative
$43trn in assets now represented by the initiative – nearly half all funds managed globally in the asset management sector
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FCA finds most fund managers falling short on value assessments
Findings effectively akin to a school report that concludes ‘unsatisfactory: must try harder’
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Crux AM declares dividend despite revenue fall
Final dividend totalling £400,000 as post-tax profit for the year ended September 30, 2020, hit £1.9m
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Baillie Gifford UK arm enjoys 50% profits boost after raking in £336m in fees
FUM surges 75% higher as Edinburgh manager bounces back strong from Covid lows last March
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Weekly outlook: Supermarket sweep as Sainsbury’s and Ocado report; FCA weighs in on value assessments
The key events for UK wealth manager for the week starting 5 July
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Coronavirus weekly round-up: Sajid Javid’s first week on the health beat and Rishi Sunak sets City rules
Four investors mull the events shaping portfolios over the past week
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Polar Capital tech and healthcare funds propel AUM to £20.9bn
Highest single year of growth, according to CEO
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Assetco splashes £28m on 30% stake in Parmenion
Comes hours after Standard Life Aberdeen offloads adviser platform to private equity firm Preservation Capital
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Majedie slashes pay as it reports pre-tax profit drop of £19.7m
But maintains its £23.5m dividend
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Private equity firm completes £232m acquisition of AFH
‘There was a clear opportunity to consolidate in order to better serve customers and create increased value’
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How does Rathbones’ acquisition of Saunderson House stack up?
The £150m deal makes Rathbones the third largest UK wealth manager, but did it pay over the odds?