Close Brothers Asset Management (CBAM) has reported largely flat assets under management (AUM) in a trading update.
AUM stood at £15.2 billion at the end of December 2022, compared with £15.3 billion at 31 July.
Total client assets decreased from £16.6 billion to £16.3 billion in the same period, which the firm attributed to negative market movements.
During the period, the firm recorded net inflows of 6.0 percent. This is an increase of the 5.0 perce...
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