Foresight increases dividend as funds under management stagnates

Interim dividend of 6.7 pence

Foresight Group has boosted its interim dividend to 6.7p per share, despite funds under management remaining flat in the three months to 31 December 2023.

According to a regulatory filing, FUM across the group held steady at £8.8bn over the three months, while assets under management grew slightly from £12.2bn to £12.4bn. Foresight Group fund manager Mark Brennan exits firm While £104m was added to higher margin vehicles by fundraising and the firm's private equity division attracted a further £60m in institutional funds, Foresight Capital Management suffered net outflows of £124m. Managers across Foresight Group enjoyed performance fees of £1.9m over the quarter, thanks to successful realisations, while FCM contributed £72m of posit...