News

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

Brewin Dolphin saw its funds under management fall in the last quarter after a difficult period for risk assets.

St James's Place (SJP) has agreed a deal to acquire discretionary investment manager and stockbroker Rowan Dartington Holdings in a deal worth up to £34m.

Legg Mason has agreed to acquire a majority interest in Australian global listed infrastructure business RARE Infrastructure for a total consideration of up to £94m.

Jupiter Fund Management has reported net inflows of £1.4bn for the six months to 30 June and a 74% rise in pre-tax profit over the same period.

BlackRock has reduced the ongoing charges figure (OCF) on five of its most popular index funds with nearly £16bn in assets under management.

An event highlighting the opportunities, challenges and risks for financial advisers and wealth managers accessing alternative investments returns to London later this year.

M&G Recovery fund manager Tom Dobell has said improved stock selection is helping his £4.5bn portfolio regain its poise this year following a period of significant underperformance.

UK GDP increased by 0.7% in the second quarter of 2015, according to the Office for National Statistics' initial reading, the tenth consecutive quarter of positive growth.

Brevan Howard Asset Management senior economist Dr Gertjan Vlieghe is to join the Bank of England's Monetary Policy Committee as of September.