Hargreaves Lansdown entered the top five groups by net retail sales in the first quarter following a spate of multi-manager launches, according to the latest Pridham report.
The group raised over £250m during the offer periods for the HL Multi-Manager UK Growth and HL Multi-Manager European funds earlier this year, and now has £5.2bn total AUM in its multi-manager range following a further launch last week. The Pridham report said HL saw £366m in net retail sales during the first three months of the year as it continues its drive to compete as an asset manager. BlackRock has also experienced a strong first quarter, topping the tables for both gross and net retail sales thanks to new investments into its passive business. It saw net retail sales of more than ...
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