The active investment manager says 2023 was a ‘challenging’ year after its record results in 2022
Active investment manager Ninety One reported a decline in assets under management after a “challenging year”, as it came off a record year in 2022 followed by one characterised by high inflation, rising interest rates, bank failures and geopolitical uncertainty as the war in Ukraine continues.
“All of this led to unprecedented risk-aversion among asset owners,” CEO Hendrik du Toit said in the results for the year to end-March...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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