View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
July 14, 2009

UK asset managers fared worse than rest of world

By Spear's

UK quoted asset management companies appear to have fared much more badly than the rest of the market, according to research from Seymour Pierce. Overall, a group of 13 quoted asset management firms lost around 60 percent of their value between 21 June 2007.

UK quoted asset management companies appear to have fared much more badly than the rest of the market, according to research from Seymour Pierce. Overall, a group of 13 quoted asset management firms lost around 60 percent of their value between 21 June 2007.

Some did much worse. Bluebay (61percent), Charlemagne Capital (78 percent), Liontrust (75 percent), RAB Capital (-78 percent) and Syndicate Asset Management (-96 percent) all did much worse.

The poor performance of Syndicate, which has made a number of private client acquisitions, as part of its ‘consolidator’ strategy, is particularly interesting. The market clearly thinks that consolidation does not work, at least in the case of Syndicate!

Conversely, some of the other constituents in the list, including firms with a significant private client presence did much better. Hargreaves Landsdowne’s share price fell by just 6 percent over the period. Rathbone Brothers (-37 percent), Schroders (-40 percent) and iimia Investment Group (-41 percent) also did relatively better.

For further details, visit thewealthnet

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network