Funds Under Management

FUM increased by 17.5%

AUM up 60% over two years

The Investment Association has unveiled a 10-point Statement of Principles to help firms put clients' interests first, which has been signed by 25 asset management firms.

Brooks Macdonald has seen an increase in its funds under management over its financial third quarter, driven by new discretionary business.

Rathbone Unit Trust Management has seen its funds under management soar by 16.7% in the first quarter of 2014, according to results published today.

Rathbone Brothers has seen a successful 2013, with total funds under management rising 22% by the end of the year to £22bn.

Alternative investment boutique Man Group has seen net inflows of $700m in Q3 as positive performance from GLG offset problems with its flagship strategy.

Rathbone Brothers has seen a 15.6% increase in funds under management in the first three quarters of the year, with flows accelerating in Q3.

Pre-tax profit at Aberdeen Asset Management rose by 44% in the 12 months to the end of September even as net new business dropped by £1.6bn over the same period.

Funds under management (FUM) at UK fund groups rose by 17% to a record £4.8trn in 2010 but the value of retail funds has fallen back in 2011, according to a report from TheCityUK.