Update: Ardevora AUM rises despite UK equity outflows

Three funds saw outflows

Laura Dew
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Jeremy Lang, founder of Ardevora Asset Management
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Jeremy Lang, founder of Ardevora Asset Management

Ardevora reported a rise in assets under management for the year to 31 March 2018, as outflows from its UK Income fund were offset by a rise in AUM in its Global Long Only Equity fund.

AUM for the business rose to £4.79bn by 31 March 2018, up from £4.70bn the year before. Three of the firm's four funds saw AUM decline during the 12-month period with the worst affected being the...

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