The asset manager has secured an investment advisory agreement with a major European financial institution, expanding its distribution reach and revenue opportunities.
The asset manager experienced a challenging quarter, with AUM falling 25.7% due to fund mandate closures and account losses, exacerbating the impact of negative market returns.
The specialist asset manager has acquired the European assets of SKY Harbor Capital Management, a high yield fixed income manager, adding £1.1 billion in AUM and strengthening its fixed income capabilities.
The asset manager has announced changes to its major shareholders.
The asset manager has disclosed a change in major shareholding, with Liontrust Investment Partners LLP increasing its stake to over 11% of the company.
The asset manager has disclosed that Liontrust Investment Partners LLP now holds over 12.8% of the company's voting rights.
The asset manager reports a decrease in assets under management, but has accelerated an efficiency program to reduce costs. The company remains focused on its strategic priorities and sees strong client interest in its investment capabilities.
The asset manager has disclosed a decrease in its shareholding in the company, a common regulatory filing.
The asset manager announces a director has purchased additional shares in the company.
The asset manager reported an 8.3% decline in AUM during the first quarter, citing outflows and mandate closures.