Its a tricky market for fund management companies right now.

At one end of the spectrum we have St James Place which has been disrupted by the emergence of tax and financial planning AI with the stock falling by as much as -13.39%, in a single session 9 days a ago.

At the the other end of the spectrum we have Schroder’s which is the subject of a bid from US rivals Nuveen and whose stock jumped by 28.56% on February 12th.

UBS write on STJ today upgrading the stock to buy from Neutral and calling it the cheapest UK asset gatherer with 15.0 to 20.0 % upside potential and scope for capital returns ahead.

The £9.90 billion bid from Nuveen for Schroders, was described as undervaluing the business by shareholder JO Hambro today. With the money manager saying the deal had been done at discounted price. But with the family who control 42.0% of the stock accepting the 612p cash offer. it might had for dissenters to extract a better deal.

Of course we have also seen NatWest offer £2.50 billion for Evelyn partners recently .
Meanwhile I have had my eye on Man Group EMG LN which I have licked from 100p lower and which have been making bullish noises in the price action this morning.

You can see the potential in Man Group stock in the 5-year chart below .