Brief: AssetCo says assets under management 13.8 bln stg at end-March

Assetco

14/06/2023 07:09

June 14 (Reuters) - Assetco PLC  ASTO.L :
    * ASSETS UNDER MANAGEMENT (AUM) AS AT 31 MARCH 2023 WERE
£13.8 BN
(31 MARCH 2022: £9.9BN), INCLUDING AUM FOR PARMENION (£10.6BN)
    * SAYS OVERALL LOSS £13.8M (31 MARCH 2022: LOSS OF £2.6M).
    * SAYS FURTHER COST REDUCTIONS IN ACTIVE EQUITIES BUSINESS:
OVER
£1M IDENTIFIED IN ADDITION TO THOSE UNDERWAY AT YEAR END
    * SAYS TO DELIVER ANNUALISED COST REDUCTIONS OF OVER £16M IN
AGGREGATE SINCE ANNOUNCEMENT OF ACQUISITION OF RIVER &
MERCANTILE IN JANUARY 2022

Source text for Eikon:  ID: 
Further company coverage:  ASTO.L 

 (Reporting By Simon Jessop)
 ((simon.jessop@thomsonreuters.com;))