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Brooks Macdonald managed to grow assets in the past quarter, recovering from a sizeable hit to performance at the start of the year.
Brooks Macdonald has joined the growing rank of asset managers that have seen total assets contract for the first three months of 2018, but Amundi has just managed to buck the trend, posting assets under management (AUM) growth in Q1.
Brooks Macdonald saw its profits all but wiped out after setting aside more cash to cover legacy issues related to its acquisition of Spearpoint Capital.
Brewin Dolphin’s head of finance Ben Thorpe has moved over to Brooks Macdonald as group finance director.
Brooks Macdonald’s total funds under management neared a record £12bn off the back of “good portfolio performance” and a pickup in new business.
A former Schroders’ man has joined Brooks Macdonald amid sweeping changes to its senior team as it eyes further expansion for its investment team.
Brooks Macdonald has strengthened its Hampshire-based investment team with the appointment of Jennifer Carter and Johnathon Rivers as investment managers, while reiterating its bearish stance on UK domestic stocks.
Funds under management soared 26% at Brooks Macdonald over the last year, with the wealth manager selling off its property management business.
Brooks Macdonald has hired Ben Chandler as an investment manager in its Guernsey office.