Foresight increases dividend as funds under management stagnates

Interim dividend of 6.7 pence

James Baxter-Derrington
clock • 1 min read

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...

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