Petershills holds guidance as Q1 AuM rises
Petershill Partners
241.00p
15:39 15/11/24
2.34%
5.50p
Asset manager Petershill maintained annual guidance as it aggregate partner-firm assets under management rose 2% in the first quarter to $290bn, and 9% year-over-year.
Financial Services
16,492.39
15:44 15/11/24
-0.24%
-40.16
FTSE 250
20,508.75
15:45 15/11/24
n/a
n/a
FTSE 350
4,453.56
15:45 15/11/24
n/a
n/a
FTSE All-Share
4,411.85
15:45 15/11/24
n/a
n/a
Aggregate Fee-paying Partner-firm AuM was $195bn, increasing 1% during the quarter and 6% year-over-year.
"We re-iterate our 2023 guidance and expect partner fee related earnings to increase as we progress through 2023 driven by previously raised AuM becoming fee-paying and additional fee-paying AuM being raised," the company said.