AUM

Hermes is to soft close Jonathan Pines' $1.5bn Asia ex-Japan equity fund in May as inflows into the product accelerate, Investment Week can reveal.

Assets in Hargreaves Lansdown's multi-manager range have moved closer to the £5bn mark after the company raised £162m for its HL Multi-Manager UK Growth fund, which launched on 23 January.

Rathbones has reported a sharp jump in assets under management for 2014 but adopted a cautious stance on the outlook for investors over the next 12 months.

Liontrust increased its retail assets under management (AUM) to more than £3bn and total AUM to over £4bn in the final three months of 2014.

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Platforms saw the rate of assets under administration (AUA) growth jump by almost a fifth in the third quarter of 2014, according to research from Fundscape.

Schroders has beaten analysts' expectations to post 18% growth in pre-tax profits in the third quarter of the year.

Old Mutual Wealth (OMW) is to establish a close relationship between adviser network Intrinsic and Quilter Cheviot after it agreed a £585m deal to acquire the discretionary manager.

LGM Investments (formerly Lloyd George Management) has reopened its LGM Frontier Markets strategy to investors following a dip in assets.

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