Negative sentiment towards UK weighs on Sanditon AUM

Fall of 10%

Sanditon Asset Management has seen assets under management decline by 10% over the past six months due to outflows from its UK funds.

In the Sanditon Investment Trust's half-year results to 31 December 2017, trust chairman Rupert Barclay noted the performance of the wider company, to which the trust has a 3.4% weighting. "Sanditon Asset Management finished the year with assets under management of £585m, a decrease of 10.1% from the end of your company's financial year, as a result of outflows primarily from its UK funds," Barclay said. This is a decline from £651m at the end of June 2017. Sanditon's Rice: "The current market expansion is peaking right now" The firm, which was set up in 2013 by former Cazenove ...