Two directors of BlueBay today took advantage of the recent tripling in its share price to trim their holdings in the fixed income fund manager.
A secondary placing of shares saw Nick Williams, Chief Financial Officer, sell 1m shares and Alex Khein, Chief Operating Officer dispose of 2m shares. The placing was priced at 290p per share.
BlueBay today announced an increase in assets under management in the year to June to $24.3bn from $21bn. The firm said $5.8bn of net inflows, predominantly from its institutional client base, came through in the second half of the fiscal year. Profits for the year fell to £17.5m from £50.1m, with underlying profits before one-offs at £22.3m.
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
Value: £1,747,500
Value: £215,200
Value: £210,700
Value: £100,000
Value: £99,412
Value: $84,965
Value: £29,775
Value: £15,000
Value: £5,800,000
Value: £2,900,000
Value: £808,511
Value: £670,500
Value: £582,614
Value: £193,120
Value: £119,364
Value: £38,150
Value: £30,750
Value: £29,700
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
