Wealth and Asset Management
Merian hit by £670m outflows a month ahead of restructure
Underperformance by several of Merian Global Investors' biggest fund managers has prompted average outflows of £670m a month this year, with the company now planning to restructure its business. Estimates from Morningstar, provided FTAdviser, showed Merian saw net outflows of £6.7bn in the ten months to the end of October,…
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