Last checked at 
Schroders AUM declines by 2.7%, Solutions unit AUM falls by 9%
*
Jupiter also suffers AUM fall but net outflows slow
*
St James's Place posts 15% drop in net inflows
Oct 20 (Reuters) - British fund manager Schroders lost 20.2 billion pounds ($22.79 billion) in third-quarter assets from the unit that houses its under-fire liability-driven investment (LDI) business, it said on Thursday.
LDI is a money-spinner for asset managers like Schroders, Legal & General and BlackRock, sold mainly to pension funds.
UK bond yields rocketed in just a few trading sessions last month following a "mini-budget", which triggered a rush for cash by pension funds to cover their LDI derivatives positions.
Schroders reported assets under management (AUM) of 205.5 billion pounds in its Solutions unit, which hosts its LDI business, as at Sept. 30, a fall from 225.7 billion pounds at the end of June.
Schroders' overall AUM fell 2.7% to 752.4 billion pounds.
Separately Jupiter Fund Management on Thursday reported a 1.4 billion decline to 47.4 billion pounds in AUM while peer St. James's Place saw a drop in third-quarter net inflows as investors struggled with volatile markets.
After a boost in AUM during the pandemic, global fund managers are now witnessing a fall in managed assets as jitters over the UK's financial stability and a sharp sell-off in stocks and bonds in recent weeks compound worries about recession.
While the AUM of wealth manager St. James's Place was slightly up compared to the previous quarter, closing funds under management fell more than 3% to 143 billion pounds, compared with last year.
The updates come a day after a quartet of British fund managers — Britain's largest listed hedge fund firm Man Group , Quilter, Rathbones, and Liontrust Asset Management — said their AUM dropped by $9.8 billion in aggregate in the three months to end-September.
Jupiter meanwhile reported a smaller than net outflow of 600 million pounds, saying more resilient institutional investors helped it to beat expectations. St. James's Place reported net inflows down 15% to 2.19 billion pounds.
Schroders did not disclose further details.
Shares in Schroders slipped 0.8%, while St. James's Place was up 0.5% and Jupiter rose 6.9% at 1236 GMT. ($1 = 0.8862 pounds) (Reporting by Sinchita Mitra in Bengaluru; editing by Sinead Cruise, Elaine Hardcastle)
