More than £2.5bn has been wiped from the collective value of some of the UK’s largest listed asset managers since the start of 2024, with fund groups failing to benefit from recent stock market highs.
Data from the London Stock Exchange Group shows the collective market capitalisation of eight UK-listed asset managers plummeted by £2.6bn in the six months to the end of June, as investment managers nurse some of the biggest share price declines among financial services firms.
