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Chris Woodhouse, group CEO said: “The war in Ukraine, high levels of inflation and rising borrowing costs have created a challenging backdrop this year, with both equity and bond markets down during the first six months of 2022."
Evelyn Partners’ assets under management (AUM) dropped to £52.7bn for the first half of the year, from an all-time high of £57.7bn in 2021, according to the firm’s interim results.
The firm cited "the impact of market declines" as a reason for 8.7% drop in AUM. It also reported gross and net inflows of £2.7bn and £1.1bn respectively, which were up 12% as compared to H1 202...
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