GLOBAL - Schroders has released its first quarter results and announced a loss of £2.5bn in institutional assets under management (AUM) despite reporting a pre-tax profit of 30%.
Schroders said the £2.5bn institutional outflow was down to a reported £1.4bn balance mandate loss from Strathclyde pension fund late last year, and ‘other smaller mandate losses’ amounting to £1.1...
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