Asset Management

Premier goes for IPO even though Brexit slump dented funds

Overweight position in UK meant short-term performance hit for £4.9bn asset manager

Premier goes for IPO even though Brexit slump dented funds
Photo: iStockPhoto

Premier Asset Management is pushing ahead with listing plans even though its short-term fund performance was dented by the slump that followed the June 23 Brexit vote.

A person familiar with the firm, which manages £4.9 billion, confirmed Premier was overweight UK equities going into the referendum.

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