JO Hambro Capital Management's UK Opportunities fund saw net outflows of $500m in the fourth quarter of 2017 after manager John Wood retired at the end of September.
As revealed in an AUM update released by JOHCM owner BT Investment Management, the fund's redemptions led to total net outflows of $600m from JOHCM in Q4.
The UK Opportunities strategy saw a $1.2bn redemption, leading to total to total net outflows of $500m from the fund. Former manager Wood retired in September after a 26-year career, handing the portfolio to Rachel Reutter and Michael Ulrich.
According to FE, AUM in the UK Opportunities fund shrunk from £1.8bn as at February 2017 to £963m by 30 November 2017.
However, the European Concentrated Value strategy, run by Robrecht Wouters, was boosted by $300m after taking on a new segregated mandate.
Despite the significant outflows, JOHCM's total funds under management rose from $51bn at the end of September to $52.6bn on 31 December 2017 on the back of investment performance and market movements.
BTIM as a whole had $98.1bn in funds under management as at 31 December, up from $95.8bn at the end of September.
Emerging markets specialist Ashmore saw its assets under management (AUM) increase by $4.5bn during the three months to 31 December, as revealed in its quarterly trading update this morning.
AUM climbed from $65bn at the end of September 2017 to $69.5bn at end of December 2017, an increase of 7%, while the group saw net inflows of $3.6bn and positive investment performance of $900m during the period.
The group said the figures are "consistent with this stage in the cycle as investors appreciate the high returns available and look to address underweight positions" in emerging markets.
Meanwhile, gross subscriptions increased from a broad range of clients, including both additional allocations from existing investors and new mandates.
Net inflows were strongest in the local currency theme (+17%) while net inflows were also delivered in the corporate debt (+13%), equities (+11%) and the multi-asset areas (+9%). Flows were broadly flat in the blended debt and alternatives offerings.
Mark Coombs, CEO of Ashmore, said: "Emerging markets assets have delivered strong absolute and relative performance over the past two years leading to higher client flows into the group's funds.
"Additionally, competitive currencies have been driving exports thus accelerating economic growth across EMs. The next phase of the cycle should see institutional flows stimulating domestic demand and so provide for continued attractive returns, particularly from local currency-denominated assets including equities.
"Our 2018 outlook is for another year of outperformance across the range of emerging markets asset classes."
Meanwhile, last week Jupiter Fund Management reported its AUM surpassed £50bn in the final quarter of 2017 as inflows into its absolute return, fixed income and multi-asset strategies offset outflows from the fund of funds range.
The group said it saw net inflows of £600m in total resulting in £5.5bn in net inflows for the entire year.
AUM ended the year at £50.2bn, up from £48.4bn at the end of September 2017, while investment performance and FX added £1.2bn in Q4.
Achieving its goal of further diversification by client type, product and client reach, Jupiter said net inflows continued across all regions with continental Europe the highest contributor, while it also experienced flows from Thailand and Latin America.
However, following the closure of the Dividend & Growth trust in November, there were net outflows in the investment trust channel.
Maarten Slendebroek, chief executive of the group, commented: "This year has been one of consistent progress at Jupiter. Continued strong investment performance has enabled us to deliver positive returns after fees for clients.
"The successful continuation of our strategy of diversification produced total net inflows for the year of £5.5bn, including £5.1bn of net flows into our mutual funds across a range of investment strategies.
"These positive flows, which are underpinned by our ability to deliver investment outperformance, have helped drive a 24% increase in AUM over the year to £50.2bn at 31 December 2017."
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