Former NBA owner invests in $100m women’s football multi-club group Sport Business The move will see World Cup and Olympic gold winning former US women’s international Lauren Holiday join the board of Mercury/13.
Ninety One: Profit sags as investors continue to pull funds Investing Investors pulled £5.3bn from asset manager Ninety One over the last six months, although a strong investment performance helped offset outflows. In the group’s half-year results, the Anglo-South African financial firm revealed that while outflows had hit growth, overall assets under management had risen one per cent to £127.4bn in the six months to 30 [...]
Star stockpicker Richard Penny ditches asset manager Investing Star stockpicker Richard Penny has ditched his asset manager Lansdowne Partners to move to Oberon Investments Group. Penny and his investment team will join Oberon while continuing to manage the £28m CRUX UK Special Situations, the £21m CRUX UK Core and the £7m CRUX UK Smaller Companies funds. Oberon, a little known name in the [...]
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]
Liontrust assets plunge as investors pull £1.1bn from funds October 10, 2024 Liontrust’s assets under management slumped over the summer as investors pulled £1.1bn from its funds. Every area of the asset manager’s business saw net outflows in the second quarter of its financial year, with the largest, UK retail funds and managed portfolio services, suffering a £904m exodus from investors. “We anticipated that the industry had [...]
Payday for Artemis partners despite £1.4bn drop in assets October 2, 2024 Partners at Artemis Investment Management received a whopping £56.8m payout for 2023 despite a drop in profit and assets under management at the fund house. The firm, which has 27 partners, suffered a six per cent slide in assets under management to £23.3bn last year, down from £24.7bn, according to accounts filed with Companies House. [...]
Schroders names new finance chief and elevates investment boss to board September 26, 2024 Schroders has named a new chief financial officer and elevated its chief investment officer to the board in the FTSE 100 asset manager’s latest leadership reshuffle. Meagen Burnett, currently the firm’s chief operating officer, is due to take over the CFO role from Richard Oldfield, who is preparing to succeed outgoing chief executive Peter Harrison. [...]
Legal & General: FTSE 100 giant appoints Eric Adler to lead asset management September 24, 2024 "In a competitive global search, Eric stood out for his growth orientation," boss António Simões said.
Litigation Capital Management profit drops but strategic plan remains on track September 17, 2024 The firm's pretax profit in the 2024 financial year dropped to AUD16.1m (£8.2m), down from AUD42.7m last year.
Jason Windsor appointed as Abrdn’s permanent boss September 10, 2024 Asset manager Abrdn has appointed finance chief Jason Windsor to be its new permanent chief executive, after Stephen Bird abruptly stepped down in May.