Assets under management at Foresight Group's capital management arm fell 27% in the six months to the end of September, which the firm blamed on the impact of rising interest rates.
Assets in the period at Foresight Capital Management (FCM) fell by £350m, including inflows of £170m offset by outflows of £377m. Foresight said the 27% drop at FCM was due to the continuing impact of higher interest rates on the valuation of long duration infrastructure assets. FCM was established by Foresight in 2017 for retail and institutional investors to access real assets and sustainable investment through actively managed open-ended funds investing in listed securities. Foresight Group eyes more M&A as acquisitions boost assets The unit currently manages the FP Foresight...
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