9th Oct 2015 08:27
LONDON (Alliance News) - Charlemagne Capital Ltd on Friday said its group assets under management were down 10.8% in the quarter to end-September to USD1.9 billion from USD2.08 billion.
The Isle of Man-based asset manager said that flows into the group funds were net positive overall during the period. However, markets performed negatively with the MSCI Emerging Markets Index down 17.9% on a US dollar net basis.
Shares in Charlemagne were untraded Friday morning. They last closed at 9.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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