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From our files, December 29 2023 - Argyllshire Advertiser

From our files, December 29 2023 - Argyllshire Advertiser
argyllshireadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from argyllshireadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.

Letters: Indy Scotland will be a huge advance on today s version

Trillium poaches staff from Ruffer and Abrdn

Perpetual assets rise despite $1 2bn outflows

Perpetual assets rise despite $1.2bn outflows Perpetual assets rise despite $1.2bn outflows Perpetual managed a sizeable uptick in assets under management over the March quarter, with the group continuing to branch out its operations overseas. A A Perpetual gave its third-quarter business update on Friday, where it revealed its total assets under management (AUM) sat at $95.3 billion at the end of March, rising from $89.2 billion at the end of December. The increase occurred despite $1.2 billion in net outflows during the quarter, overwritten by $6.5 billion coming in from market performance and other movements. Perpetual Asset Management International’s total AUM, which included the recently acquired US groups Trillium Asset Management and Barrow Hanley Global Investors, rose by 8 per cent during the three months to March, to $71.6 billion. Market performance has offset $892 million in net outflows from the international segment, mostly from the institutional channel. 

Perpetual funds bolstered by value investing recovery

Perpetual funds bolstered by value investing recovery Save Share A strong quarter for value investors helped the expanded Perpetual Limited offset $1.1 billion of client outflows, which its chief executive says are slowing as performance recovers. Perpetual, which last year acquired international fund managers Barrow Hanley and Trillium, reported four per cent growth in total assets to $95.3 billion over the quarter, driven by an 8 per cent increase in its international strategies. Perpetual’s Australian funds suffered $275 million of outflows, mainly from intermediary clients of its Australian equities funds. But that was offset by a $1.3 billion boost in asset values as markets improved while value investing strategies came good.

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