EM Specialist Ashmore Sees Assets Slide $6.2B In Q1

Apr 11 2014 | 9:01am ET

Emerging markets-focused fund manager Ashmore Group said investors pulled $6.2 billion from its funds in Q1.

A full $4 billion of the outflow was from funds providing currency hedging for investment portfolio, while funds focused on local currency, blended debt and multi-strategy funds saw smaller outflows.

It wasn't all bad news for Ashmore in the first quarter: it recorded a positive investment performance of $1 billion in the quarter.

Ashmore head Mark Coombs told Reuters he was "comparatively more positive about outlook for investment returns than at this time last year.”

Ashmore had assets under management of $70.1 billion as of end-March.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...