MAM boosts assets under management
Fund Manager MAM Funds saw assets under management grow for the third quarter in a row and said the second half of the year had started well.
Fund Manager MAM Funds saw assets under management grow for the third quarter in a row and said the second half of the year had started well.
Assets under management reached £1.72bn at the end of June, up 3.5% from £1.67bn at the end of December.
The company added that figure had increased to £1.75bn by the end of August.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Adjusted profit before tax - a figure designed to show the underlying cash generation of the business - rose 5.3% to £2.0m.
Executive Chairman Ian Digh said the firm had an encouraging start to the second half of this year.
"We have increasing confidence in the quality of our business and in our ability to grow the group," he said.
"Notwithstanding market conditions, we are trading in line with our expectations and are ready to step up the investment in and the trajectory of the business".
Shares rose almost 4% in morning trading on Monday after the announcement.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Should I get a financial adviser?
Getting a financial adviser could be the best investment you make, but who really needs one and do they add any value?
-
Workplace pension salary sacrifice schemes could be under threat as HMRC explores options
HMRC has published research which looks at hypothetical cuts to salary sacrifice for workplace pensions