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Jupiter Fund Management on Friday announced a rise in first-half profits as assets under management (AUM) hit an all-time high. In the six months to the end of June, statutory profit before tax rose to £ 57million, from £ 40.8million in the same period a year ago, with profit before tax under Underlying up 38% …

When it comes to which asset managers are viewed most favorably by advisers, it turns out size isn’t everything. According to the Edelman Asset Management Brand Index, mid-sized companies such as Baillie Gifford and Liontrust have a strong brand than their larger competitors like BlackRock and Fidelity. The ranking scores companies on the basis of …

The IQ-EQ investor group buys Davy Global Fund Management (DGFM), which is part of the Davy group. he central part of Davy is expected to be sold to Bank of Ireland. IQ-EQ said the combination of the two companies “creates a full service fund business established in Ireland with a proven track record and a …

Rod Paris will retire as abrdn’s chief investment officer at the end of this year, the fund management giant has announced. Mr. Paris has been part of the group, which was recently renamed Standard Life Aberdeen, since 2002. Stephen Bird, Edinburgh-based managing director of abrdn, said of Mr. Paris: “Personally, I will miss his wisdom, …

The domestic private equity industry is keen on government ensuring a level playing field between locally established private equity funds and those established abroad for tax purposes. The current 18% GST on “fund management fees” of PE funds continues to be a “big tax friction” affecting the relocation of fund management business to India, they …

Father-of-three Mike Woods finalized the management buyout of the company he started in 2009 after two of his children were diagnosed with severe nut allergy. Eleven years later, the Caerphilly-based Just Love Food Company supplies nut-free, vegan, gluten-free and milk-free cakes to the “big four” supermarkets; Tesco, Asda, Sainsbury’s and Morrisons. And the company – …

Bridges Fund Management made what is believed to be an excellent return by selling a stake in World of Books to another private equity firm Livingbridge. The private equity firm closed a sale valuing the company at north of £ 150million, according to AltAssets, following a year-over-year increase in revenue at the online retailer. Never …