A period of continued "challenging conditions for the investment industry" has seen Premier Asset Management's run of 24 consecutive quarters of net inflows come to an end.
In its Q3 update to the market released this morning, Premier said it saw net outflows of £55m in the three months to 30 June 2019. Consqequently, its assets under management (AUM) fell by £53m to £6.7bn....
Gérald Harlin has been appointed executive chairman
Daunting without ad valorem feees
Elevated redemptions expected
'Should be forever young'
New manager likely to be appointed