Mercury Asset Management
Article Abstract:
Mercury Asset Management (MAM) increased funds under management by 28% to 81 billion pounds sterling in 1995 to 1996, and the company has also increased its dividends. Venture capital exits have helped boost income. The company aims to increase pension fund business from outside the UK. An alliance may be set up with Munich Re, a shareholder in MAM, to help achieve this. The company's profit is forecast at 173 million pounds sterling by SBC Warburg.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Sold down the River and Mercantile
Article Abstract:
The River and Mercantile Trust, a split capital trust, is to become Fleming Income and Growth, with Fleming as its new manager. Capital shareholders have lost out. River and Mercantile has seen a poor performance from previous managers. Investors could question why the supposedly conservative trust became involved in a start-up venture which involved the loss of more than 1 million pounds sterling of assets in a little more than a year.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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