Majedie CEO Rob Harris: Performance turns heads and headwinds will abate

Is the end of 'pariah status' for UK assets nigh?

The conclusion of Brexit talks and the end of "pariah status" for UK assets will boost Majedie Asset Management's funds offering and "turn heads" among investors after two years of decline for the firm's assets under management (AUM), according to CEO Rob Harris.

Majedie's AUM fell from £14.1bn to £10.8bn in the year to 30 September 2019, according to the boutique's annual report, and have fallen further but remained "steady" in the last six months at "around £8bn," Harris told Investment Week. Majedie's de Uphaugh: Focus on our long-term performance "Brexit has been a clear headwind to UK flows across the industry over the past five years," he explained. "And, for obvious reasons, it has been more difficult to market our funds internationally in 2020." With roughly £2.4bn in combined AUM, according to FE fundinfo, Majedie's UK Equity, UK F...