Core Insights - Schroders Group experienced net inflows of £2.2 billion (approximately $2.9 billion) in Q3, a significant improvement from a net outflow of £1 billion in the first half of the year, driven by strong demand for pension services and alternative investment funds [1] - The group's assets under management (AUM) reached a record £816.7 billion, reflecting a 5% increase from £776.6 billion at the end of June [1][2] Group Performance - The core solutions department for pension funds achieved net inflows of £6.7 billion, while private debt and credit alternative investment products also saw net inflows [1] - The total assets under management (AUM) increased to £816.7 billion, with public markets contributing £502 billion and asset management totaling £573.6 billion [2] Strategic Changes - CEO Richard Oldfield has been implementing cost-cutting measures, including a £150 million cost reduction target, job cuts, and the closure of several funds [3] - The company has exited certain markets, including Indonesia and Brazil, and has streamlined its business structure [3] - Lloyds Bank acquired a minority stake in Schroders' wealth management joint venture, allowing Schroders to gain full ownership of its subsidiary, Cazenove Capital [3] Stock Performance - Schroders' stock price has increased by approximately 17% since the beginning of the year, although it remains over 40% lower than its peak in 2021 [3]