Turbulent market conditions contributed to a 5.2 percent decrease in assets under management (AuM) at GAM in Q1.
Total AuM decreased from CHF 100 billion at 31 December 2021 to CHF 94.8 billion at the end of March 2022.
Both investment management and fund management services faced losses.
Investment management Aum stood at CHF 30.0 billion. Net client outflows hit CHF 270 million, while there were net negative market and foreign exchange (FX) movements of CHF 1.6...
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