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