Hints and tips:
...Emerging markets fund manager Ashmore suffered a $2.1bn drop in assets under management in the first three months of the year, largely owing to institutions withdrawing money....
...Despite Ashmore suffering another quarter of outflows, Mark Coombs, chief executive, said he expected emerging markets to experience “superior” economic growth compared with developed countries....
...“Emerging markets have continued to perform strongly over the six months,” said Ashmore’s chief executive Mark Coombs, while noting that Chinese performance continued to weigh on results....
...Ashmore shares fell 2 per cent in early trading in London....
...“There is mounting evidence that the negative cycle has turned,” said Mark Coombs, chief executive....
...Somerset has since endured a period of poor performance and falling profits amid a sell-off in emerging markets that has hurt the firm and peers, including Abrdn, AMG-owned Genesis Investment Management and Ashmore...
...Ashmore said profit before tax fell by 54 per cent to £53.8mn....
...Celebrations will ring out across Asia and beyond this Saturday with the beginning of the next lunar year — the year of the dragon for most countries that mark the occasion....
...Mark Coombs, chief executive of Ashmore, said: “Emerging markets’ strong performance over the past three months reflects a positive shift in investor sentiment against a backdrop of light positioning and...
...And what better way to mark this date than an alternative marmalade recipe, as revealed in this archive FT Food & Drink article....
...Ashmore and Western Assets funds also have exposure to Russian debt, according to Morningstar, as does Janus Henderson at a much lower level....
...Many shareholders say they plan to stick with Ashmore, which for most is synonymous with founder, chief executive and biggest shareholder Mark Coombs....
...Ashmore said a large part of the decline in profits was explained by an unrealised mark-to-market loss of £49.9mn on seed capital investments in new equity and fixed income strategies....
...Mark Coombs, Ashmore chief executive, said inflation, geopolitical tension, and aggressive interest rate tightening in the US had led to “fears of recession and broad-based risk aversion”....
...Ashmore chief executive Mark Coombs said inflation, geopolitical tension and interest rate tightening in the US had led to “fears of recession and broad-based risk aversion”....
...Many shareholders say they plan to stick with Ashmore, but some in the industry are asking if the influence of founder, chief executive and biggest shareholder Mark Coombs is hindering the 30-year-old business...
...“The principal economic impact of the war has been to push inflation higher and this is being felt across the world,” Mark Coombs, Ashmore’s chief executive, said on Thursday....
...“The principal economic impact of the war has been to push inflation higher and this is being felt across the world,” said Mark Coombs, Ashmore’s chief executive, on Thursday....
...Monday India, December wholesale price index (WPI) inflation rate data Results: Ashmore Q2 trading update, Rio Tinto Q4 operations review (Tuesday AM local time in Sydney, Australia), UMC 4Q Tuesday...
...Ashmore’s chief executive Mark Coombs said: “Investors have focused increasingly on the global growth outlook, including the impact of higher commodity prices, supply chain challenges and China’s ongoing...
...Mark Coombs, chief executive, added that central banks in emerging market countries were acting to contain inflation....
...Hedge funds take aim at UK asset managers Hedge funds from Ken Griffin’s Citadel to Steve Cohen’s Point72 are betting that a tumble in the shares of UK fund management groups, including Abrdn, Ashmore and...
...Goldman Sachs, Payden, Ashmore and Western Assets are others that have exposure to Russian debt, according to Morningstar....
...Ashmore founder Mark Coombs hived off another hefty stake in the emerging markets specialist, though it was simply the size of the £20m deal, rather than any underlying significance which caught the eye....
...If you mark it to zero, new people coming in to a fund get a bargain. Anybody leaving the fund is getting zero for something that probably is worth something.”...
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