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LONDON - Premier Miton Group plc (AIM:PMI) reported assets under management (AuM) of £10.3 billion as of September 30, down from £10.7 billion a year earlier, according to a press release statement issued Friday.
The UK-based asset manager experienced net outflows of £191 million during its fiscal fourth quarter, with international equity strategies seeing the largest withdrawals at £368 million. The company’s US and European equity funds faced combined outflows of £347 million during the period.
Despite the overall outflows, Premier Miton’s fixed income and absolute return strategies attracted net inflows of £325 million in the quarter, reflecting what the company described as growing investor confidence in these areas.
The asset manager announced leadership changes to its equity investment team, with Paul Marriage becoming head of the UK Equity Team, Neil Birrell leading the Global Equity Team while maintaining his Chief Investment Officer role, and Gervais Williams appointed as Chair of the Equities Business.
Premier Miton identified an additional £2 million in annualized cost savings to be implemented over the next 12 months, adding to the £3 million in annual savings announced in April 2025. The new efficiency measures will incur one-off implementation costs of approximately £0.7 million.
"We remain focused on actively managing our cost base to support future shareholder returns," said Mike O’Shea, Chief Executive Officer of Premier Miton, in the statement.
The company noted it continues to explore strategic transaction opportunities for inorganic growth that could expand its scale, introduce new investment capabilities, or provide access to new client segments.
Premier Miton will release its full-year financial results on December 4.
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