Is that chink of light an investment opportunity?

The state of play of UK-listed asset managers. Part 2: valuation, financials, strategic moves

Sep 8 • 

Paul Bryant

3

2

August 2025

Is that a chink of light?

A look back at UK-listed asset managers' H1-25 & a look forward to H2 and beyond. Part 1: The (confusing) AUM picture.

Aug 28 • 

Paul Bryant

7

1

July 2025

Mercia: it won’t take long to see who's right

Share price heavily discounts on-balance-sheet investments. Mercia intends to sell most of them within 2 years. It won’t take long to see who's right.

Jul 3 • 

Paul Bryant

1

1

June 2025

Strong growth at Tatton: profit +24%, dividend +19%

Another exceptionally strong year. Financial advisers continue to outsource investment management to this market leader. Their confidence in Tatton…

Jun 10 • 

Paul Bryant

Tough H1 for Impax, but shares look detached from fundamentals

Impax is hardly the disaster implied by its share price, which is down 31% over six months and 68% over 12 - a forward PE of just 8.5 for a business…

Jun 9 • 

Paul Bryant

1

May 2025

Wealth managers' Q1 flows hold up

Amidst tariff worries and US market falls, UK investors just kept on feeding those ISAs and SIPPs. But try telling that to shareholders!

May 8 • 

Paul Bryant

1

April 2025

Polar flows hold up amidst heavy sector outflows

AUM hit by market falls, but Polar's net flows look strong in what is looking like an awful quarter for active asset managers

Apr 15 • 

Paul Bryant

2

Tatton keeps on sprinting

Record inflows (again), so impressive given markets

Apr 15 • 

Paul Bryant

February 2025

Sprinters, joggers, walkers, stumblers

In UK wealth management, disparity makes for a stock-pickers' paradise

Feb 17 • 

Paul Bryant

3

PensionBee's pickle. The tyranny of guidance?

PensionBee & investors are grappling with a more complex growth v profitability story. They shouldn't be. This is a potential star of the London Stock…

Feb 5 • 

Paul Bryant

3

January 2025

A wild Q4 = a fascinating 2025

Headwinds, tailwinds, crosswinds part 2: an update on UK-listed asset managers

Jan 27 • 

Paul Bryant

1

Polar Capital looking strong as active managers struggle

AUM up 5% in the last quarter of 2024, performance fees jump

Jan 14 • 

Paul Bryant