Rathbones

Rathbone Brothers has seen a 15.6% increase in funds under management in the first three quarters of the year, with flows accelerating in Q3.

WEALTH MANAGEMENT

Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.

Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.

Market confidence in tech firms is yet to return as investors have not forgotten the aftermath of the tech bubble, according to Rathbone Unit Trust Management CIO Julian Chillingworth.

Rathbones' pre-tax profit for the first six months of 2013 rose 17% as the group's total funds under management near the £20bn mark.

Rathbone Unit Trust Management has launched a global total return fund for Carl Stick in a push to target sophisticated investors.

David Coombs, head of multi-asset investments at Rathbones, has decided to "reappraise his views" on the US after a trip to New York convinced him of the economy's growth potential.

Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".

Rathbone Brothers saw total funds under management rise 13.4% to £18bn in 2012 but the underlying rate of growth slowed in what it described as a "challenging" year.