UK

Rathbones has seen its funds under management swell to more than £20bn, helped by its recent acquisition in the private client space.

Royal London Asset Management (RLAM) has posted a £224m net inflow into its funds in the first quarter, reversing an outflow of nearly £500m in the same period the previous year.

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UK businesses from across the cap scale are still flourishing despite the struggling macroeconomic environment, according to Chris Hutchinson, co-manager of the Unicorn Outstanding British Companies fund.

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M&G saw funds under management hit a new record in Q1 as strong sales in Europe offset outflows from the UK market after moves to slow flows into its leading bond fund range.

HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.

AXA Wealth's Elevate platform has seen assets under management increase 50% from £4bn to £6bn, according to its first quarter results.

Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.

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