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Sales surge but margins remain tight at Old Mutual

Manager has persuaded distributors to find a prominent place for its star managers on their distribution platforms

Net inflows at Old Mutual Global Investors surged last year, following its success in persuading distributors to find a prominent place for its star managers on their distribution platforms.

Inflows increased 250% to £2.5 billion to the year to the end of December. The hike follows a 22% rise in OMGI gross sales to £9.2 billion. Assets under management now total £21 billion, a rise of 31% over the year.

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