Man Group half-year results: Pre-tax profit falls by 65%
Luke Ellis to step down as Man Group CEO in September
Luke Ellis to step down as Man Group CEO in September
AUM up 2% despite modest net inflows and ‘muted’ retail investor appetite
Assets under management fell by 10%
Key events for UK wealth managers for the week starting 27 March
‘Weak outlooks from prominent bell-weather companies are a red flag that should not be ignored’
£3.5bn outflows driven by another challenging year for its fixed income funds
Key events for UK wealth managers for the week starting 31 January
Priority now is to complete final rollout of new custody and settlement system
But revamped platform and DFM business deliver strong performances
Propelled by strong client acquisition
Wealth manager reports record gross flows of £4bn
CEO David Esfandi says having backing of private equity house HPS Investment Partners allows firm to build on growth