7IM sees AUM grow 7%
But £900m increase is less than £1.1bn taken on from Tcam acquisition
But £900m increase is less than £1.1bn taken on from Tcam acquisition
Ruffer Investment Company posted an increase net asset value in its half-yearly report, but admitted to “disappointing” returns from being too cautiously positioned throughout 2017.
The AIM-quoted Miton Group today announced its assets under management (AUM) rose some 32% over the calendar year, from £2.9bn at the end of 2016 to £3.82bn at 31 December 2017.
Rathbone Brothers revealed a “robust” set of trading numbers on Thursday with funds under management up 14.3% on the year previously.
The soaring value of technology stocks is simply “normal fare” rather than a bubble, according to the team behind Polar Capital’s leading tech trust.
The emerging market specialist Ashmore Group has reported a $6.3bn (£4.7bn) surge in assets under management during the quarter ended 30 September 2017.
Liontrust’s assets under management jumped almost 50% during the six months to 30 September, boosted by its acquisition of Alliance Trust Investments (ATI) in April.
Schroders continued to grow AUM in the first half of 2017, with net inflows of £800m according to its half year results.
Asset manager Liontrust has reported a profit rise of 18% and hailed its seventh consecutive year in the black as it reported full-year results.
Mike Evans, chairman of Hargreaves Lansdown, has announced he will be stepping down as soon as a successor has been identified.
Wealth manager Rathbone Brothers has reported a 4.7% rise in funds under management to £35.8bn in the first quarter, driven by market gains.
St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter, bringing assets under management (AUM) to £79.84bn.