Not-for-profit provider becomes UK’s first independent master trust to reach milestone
Invested customers increased by 44% year-on-year to 198,000 according to Q1 trading update
Firm reported a drop in AUM to £147bn from £164bn a year earlier
Smart’s AUM grew by 117% in the last year on its Keystone platform
The firm’s AUM have grown to £2.2bn in the six years since it launched
The multi-asset solutions business surpassed £1bn in AUM just two years after its launch
The firm said 92% of funds and strategies by AUM have outperformed relevant benchmarks
River and Mercantile (R&M) has revealed it has been appointed to run a £1.16bn fiduciary mandate.
NEST is now managing £5.7bn on behalf of its members, more than double the £2.7bn it was managing at the same time the previous year.
The Avon Pension Fund has appointed Loomis Sayles to run its first multi-asset credit mandate worth £485m after an open tender.