Swiss money manager GAM Holding has said that its group assets under management (AuM) stood at CHF162.3bn at the end of March 2018, a rise of 2% compared to CHF158.7bn as at 31 December 2017.
The company’s overall net inflows for the three-month period to 31 March 2018 were CHF6bn.
AuM at the group’s investment management unit totalled CHF85.7bn at the end of March 2018, up 1% from CHF84.4bn as at 31 December 2017. The company attributed the increase to strong net inflows that stood at CHF2.5bn.
Assets under management in the group’s private labelling arm were CHF76.6bn, an increase of 3% from CHF74.3bn at the end of December 2017.
Net inflows at the private labelling unit were CHF3.5bn in the first quarter.
GAM group CEO Alexander Friedman said: “The good momentum we had in 2017 continued into the first quarter. Our investment strategies continued to deliver strong performance, our net inflows across a broad range of products were solid, and we are on track with our strategic initiatives.
“Our focus remains on the diligent execution of our strategic plan, predicated on offering our clients performing and differentiated products, strengthening our distribution, and improving operating efficiency along with effective risk management.”