Schroders rises 18%

Schroder Investment Management boosted pre-tax profits 18% to £250.7m (€365m) last year and said today it is buying NewFinance Capital, a London-based manager of funds of hedge funds, for $101m (€84.7m).

Profits from asset management were up 60% to £193.9m.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink