Tatton Asset Management sets new £30bn AUM target following revenue surge
The firm’s group revenue for 2023/24 increased by 13.9%
The firm’s group revenue for 2023/24 increased by 13.9%
Group publishes its half-year results to 31 March 2024
Some £4.9m of AUM came from investment performance, market movement and foreign exchange
Review of appointed representative firms to commence shortly
Value team’s assets shrunk from £8.5bn to £7.5bn over three months to the end of March
Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop
Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services
Assets under management stand at £17.6bn
Net client flows reached £1.1bn
Comes amid half-year company results
However, International arm of the business is undergoing strategic review
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023