Schroders STW acquisition boosts AUM in 2013

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Schroders has increased its institutional assets under management (AUM) by 13% helped by the purchase of US manager STW, its interim results show.

In the six months to June, the asset manager's institutional AUM rose by £16bn to £139.6bn, with £7.1 attributable to the completed purchase of STW, a US fixed income manager. The company comple...

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