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Showing 1 - 10 of 1051 results for %22FUM for%22

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... revenue for the company of approximately $18 million p.a." Platinum ended February with $15.6 billion in funds under management (FUM), experiencing net outflows of about $285 million that month. This is slightly up from the $15.4 billion recorded at ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... potential users, taking the total possible reach in coming years to 75%, the report said. In addition, funds under management (FUM) in managed accounts have surged 146% in five years to exceed $194.85 billion. State Street Global Advisors' vice president ...

Managed account FUM closes in on $200bn milestone

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... $195 billion held in managed accounts - up $33 billion in the six months to December end. The IMAP Census of Managed Accounts FUM shows the total grew by some 20.47% in the six-month period to hit $194.85 billion. This is an annual increase of $50.3 ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... for 2024 with further announcements on their way," Rosenberg added. Last year, Blossom doubled its funds under management (FUM) to reach $50 million. It also achieved 13,000 sign-ups. "We've seen a surge in interest in fixed income investments, but we're ...

GQG reports US$10.5bn increase in FUM

ANDREW MCKEAN  |  THURSDAY, 7 MAR 2024
GQG Partners has reported a US$10.5 billion increase in funds under management (FUM) from January 31 to February 29. The boutique fund manager's international equity strategy, its largest, moved from US$49.2 billion to $52.9 billion. Its emerging ...

Platinum plans turnaround, FUM dwindles

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
Platinum Investment Management unveiled its turnaround strategy as funds under management (FUM) continue to suffer institutional investor outflows and negative returns. The fund manager said its immediate priorities in the next few months is to cut ...

GQG records US$10bn in inflows, eyes Abu Dhabi office

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
... office in Abu Dhabi. The global boutique asset manager concluded the year with US$120.6 billion in funds under management (FUM), reflective of net flows and investment performance, according to chief executive Tim Carver. "The growth in FUM reflects ...

Magellan names Rahmani as new chief, reports NPAT lift

JAMIE WILLIAMSON  |  THURSDAY, 15 FEB 2024
... its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management (FUM). Currently Maple-Brown Abbott chief executive, Rahmani has been named managing director of Magellan Asset Management with ...

Indexed strategies to hit $1tn in two years

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... report found that indexed investing in Australia last year reached almost $760 billion or 23% of total funds under management (FUM). The majority (79%) of indexed FUM is held in growth assets. Some 37% of FUM invested is held in equities, growing 30% ...

Fiducian reports strong first half, flags growth plans

JAMIE WILLIAMSON  |  TUESDAY, 13 FEB 2024
Fiducian reported a 10% increase in revenues and 18% jump in funds under management for the six months to December end, saying it's the result of a disciplined business plan. In its half-year update, Fiducian said its underlying net profit after tax ...
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