Foresight Group AUM ticks up as capital management arm suffers

Assets under management for the group ticked up slightly in its half-year results to 30 September, rising 1% to £12.2bn, while funds under management decreased from £9bn to £8.8bn. Foresight Group fund manager Mark Brennan exits firm However, Foresight Capital Management suffered outflows over £207m over the six months, which the firm attributed to "rising interest rates continuing to impact the valuation of long duration infrastructure assets". While Foresight Capital Management shed 27% of its AUM falling by £348m to £1bn, the firm's infrastructure arm saw AUM rise 4% to £9.8bn, ...