At the end of September 2011, the group had $58bn in assets under management and three months later, at year-end, it had seen this figure rise to $60.4bn, an increase of 2.5%.
Of this $1.5bn rise, $0.5bn came from net inflows while positive investment performance contributed a further $1bn of assets.
The theme that experienced the largest relative losses was its multi-strategy funds, with a 10.3% fall in assets held over the quarter – from Asian retail investor-focused products – while its alternatives lost 7.1% between 30 September to and 31 December. Its equity funds also saw a quarter-on-quarter drop of 5.4%.
On the plus side, the single largest quarterly move was a 26.7% leap from its corporate debt strategies (from $1.5bn to $1.9bn) followed by a 10.1% rise in its blended debt portfolios ($10.9bn to $12bn).
The company’s quarterly statement also confirmed poor performance fee generation for funds with a year end of December 21011, perhaps unsurprisingly, while reporting overall H1 performance fees of around £23m.
The interim results to the end of 2011 are expected on 23 February.
