Mattioli retains inflows despite AUM dip
Revenue was up 10% on H1 2022
Though its financial first quarter saw AUM slide 3%
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Pre-tax profits plunged 15% to £6.2m in the last six months of 2020 while margins slid to 18%
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Virus crisis wiped £900m from AUM during the worst of the sell-off
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NAV slumps 8% after the value of the trust’s unlisted assets falls to £390m
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But FTSE 250 platform sustains 8% hit to AUA
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Addresses Darwall-driven outflows
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Swiss fund group nabs Blackrock veteran as CEO amid £11m loss for H1
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CEO says conversations with small DFMs and asset managers are underway
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The firm’s co-chief executives say the partnership is ‘exceeding expectations’
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HSBC’s commercial banking, retail banking and wealth management divisions perform strongest in the first half of the year.
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Tatton Asset Management (TAM) is eyeing M&A options after posting solid assets under management (AUM) growth for the six months to the end of September.
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