Somerset Capital to wind down after losing St James’s Place funds
Emerging specialist was dropped by SJP last week and has seen its AUM fall two-thirds since October
Companies
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AJ Bell profits surge as it adds 50,000 new customers
Assets under administration (AUA) climbed 11% to £70.9bn
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Marlborough rebrands to bring all units under one banner
Three businesses folded into one brand
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Rathbones renames Rathbone Unit Trust Management following company rebrand
Rathbone became Rathbones earlier this year
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Revealed: All the winners of the 2023 PA Wealth Partnership Awards
Rewarding excellence where wealth and asset managers work together for the benefit of end-investors
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One in four UK small and mid-cap PLCs see ‘no benefit’ in own listing
QCA calls for reforms ahead of Autumn Statement, with 100 companies scrapping their UK listings in the last year alone
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Tatton Asset Management eyes further growth after £900m net inflows in first half
Firm reached year-end target £15bn FUM in first half
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Liontrust hit by £3.2bn outflow as UK equities funds suffer
Assets under management fell 12% over the six months to £27.7bn.
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PwC: Nine in ten investors doubt corporate sustainability claims
AI was also front of mind for investors surveyed
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Ninety One sheds £4.3bn as ‘extremely challenging conditions’ take a toll
Assets under management fell by 5% over the half year to £123.1bn
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St James’s Place defends remuneration policy after mini shareholder revolt
Firm issued a statement this morning after 22% voted against remuneration report at May AGM
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Evenlode lines up Marlborough’s IFSL to oversee £5.5bn fund trio
IFSL to become authorised corporate director (ACD)
