Tatton assets jump nearly 8% on the back of £900m inflows

investmentweek.co.uk:

Paul Hogarth (pictured) is founder and CEO of Tatton Asset Management.

According to the firm's trading statement published today (19 October), total net inflows stood at £910m for the six months to 30 September, up from £887m in the second half of 2022 and from £907m during the same period last year.

Organic net inflows also remained consistent, averaging at £152m per month over the six months, a slight uptick from the £150m per month for the year ended in March 2023. The organic net inflows were also supported by a £100m positive market movement over the six months.

Tatton AM sees record inflows as 8AM acquisition adds £1bn to AUM

Assets under management and influence grew by 7.7% to £14.8bn since March 2023, while the total AUM at the end of the period was £13.7bn, an annual increase of 21%.

8AM Global was responsible for just over £1bn in assets under management and influence since the same period last year. Tatton acquired the model portfolio and investment fund provider for £7m in 2022.

The asset manager said it expects to exceed its three-year growth target of £15bn in AUM and influence by March 2024.

Tatton IM launches money market funds

Paul Hogarth, founder and CEO of Tatton AM, said: «The group continues to make good progress amidst the continuing backdrop of persistently volatile economic and market conditions.

»It has been very pleasing to see Tatton's sustained strong organic net inflows in an environment where in general, asset managers have been suffering redemptions.

«We look forward to making further progress over the rest of the year, while remaining acutely aware of the continuing macroeconomic turbulence and market volatility. The board remains confident in the future prospects of the group.»

FCA