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£800m net outflow at Aberdeen

Aberdeen Asset Management witnessed net outflows of £800m in the fourth quarter of last year, according to its interim management statement.

The firm saw £2 billion more outflows than inflows from fixed income, £900m of such net outflows from alternatives, £900m from property and £400m from money market funds.

Equities saw £3.4 billion of net inflows, however, driven mainly by emerging markets.

The equity flows helped lift assets under management (AUM) to £80.8 billion out of a total of £183.3 billion for the group.

Group AUM rose £5.4 billion in the quarter due to positive performance and currency movements.


Aldermore adds four new managers to commercial mortgages team

Aldermore has appointed four new managers to its commercial mortgages lending team. Stephen Taylor and Darren Beard join the bank as commercial mortgage managers and Simon Prince and Darren Switzer join as lending managers. Prince will focus on London and the south east and Switzer will focus on the north west. Managing director of commercial […]

BNY Mellon to offer emerging market debt local currency and Brazil funds

BNY Mellon Asset Management is to launching its £2.4bn emerging markets debt local currency fund and £245m Brazil equity fund into the UK retail market in February. The Dublin-based funds are being added to the major platforms with February 8 targeted as the launch date. The four-year old BNY Mellon emerging markets debt local currency […]

Lenders report pressure to adopt MMR, says Boulger

Some lenders are claiming they have been pressurised into adopting some of the proposals in the mortgage market review, according to John Charcol senior technical manager Ray Boulger. In a 2011 market forecast report from John Charcol, Boulger says tightening criteria is probably a conscious decision of lenders but he claims lenders are reporting pressure […]


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