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Margins suffer at Schroders

The asset manager finished on-boarding a monster mandate
Margins suffer at Schroders

Schroders (SDR) repeated its trick of growing its assets under management (AuM) while watching its profits slide. The asset manager lifted its AuM by 5 per cent to a new high of £526bn after completing the onboarding of a giant £29.5bn Scottish Widows mandate during the period, achieving net new business of £38.1bn overall.

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