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, ...
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