Foresight Group AUM ticks up as capital management arm suffers

FCM AUM drop of 27%

Elliot Gulliver-Needham
clock • 2 min read

Foresight Group has seen assets under management increase over the last six months, even as rising interest rates have hit its capital management arm.

Assets under management for the group ticked up slightly in its half-year results to 30 September, rising 1% to £12.2bn, while funds under management decreased from £9bn to £8.8bn. Foresight Group fund manager Mark Brennan exits firm However, Foresight Capital Management suffered outflows over £207m over the six months, which the firm attributed to "rising interest rates continuing to impact the valuation of long duration infrastructure assets". While Foresight Capital Management shed 27% of its AUM falling by £348m to £1bn, the firm's infrastructure arm saw AUM rise 4% to £9.8bn, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies

People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

BlackRock plans to cut 3% of global workforce - reports

Entering a more ‘mature’ business phase

Valeria Martinez
clock 09 January 2024 • 1 min read
Jupiter CEO Matthew Beesley

Jupiter suffers higher than anticipated outflows of £2.2bn

Weaker than anticipated retail sentiment

Cristian Angeloni
clock 09 January 2024 • 2 min read
The interim dividend will be paid on 26 January.

Foresight increases dividend as funds under management stagnates

Interim dividend of 6.7 pence

James Baxter-Derrington
clock 09 January 2024 • 1 min read