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5 Apr 2012 07:00
Charlemagne Capital Limited
5 April 2012
Charlemagne Capital Announces Unaudited Assets under Management as at 31 March 2012
Charlemagne Capital Limited ("Charlemagne" or the "Group") sets out below the Assets under Management ("AuM") as at 31 March 2012 and the movements for the first three months of its current financial year.
Group AuM
Group AuM total up 7.6% since 1 January 2012 to US$2.5 billion as at 31 March 2012 reflecting the improved market conditions experienced during the most recent quarter.
The table below sets out the Group's AuM as at 31 March 2012 and the movements experienced in each product range in the period since 1 January 2012.
03-Jan-12 | Net Subscriptions | Reorganisation | Net Performance | 02-Apr-12 | Movement In | ||||
AuM (US$m) | (US$m) | (%) | (US$m) | (%) | (US$m) | (%) | AuM (US$m) | Period (%) | |
Magna | 260 | 55 | 21.2 | - | - | 45 | 15.7 | 360 | 38.5 |
OCCO | 444 | 1 | 0.2 | - | - | 22 | 4.9 | 467 | 5.2 |
Institutional Advisory | 572 | (15) | (2.6) | - | - | 113 | 20.0 | 670 | 17.1 |
Institutional Mandates | 880 | (181) | (20.6) | (6) | (0.7) | 133 | 16.9 | 826 | (6.1) |
Specialist | 172 | (2) | (1.2) | - | - | 11 | 6.4 | 181 | 5.2 |
Total | 2,328 | (142) | (6.1) | (6) | (0.3) | 324 | 14.4 | 2,504 | 7.6 |
Notes:
(1) Closing AuM is stated as including all subscription and redemption orders received for the relevant funds as at the close of the period but not processed until the first relevant dealing date of the following period.
(2) Net performance includes foreign currency effects for those assets not denominated in US dollars.
Enquiries:
Charlemagne Capital
Jayne Sutcliffe, Chief Executive Tel. 020 7518 2100
Lloyd Jones, Finance Director Tel. 01624 640200
Smithfield Consultants Tel. 020 7360 4900
John Kiely
Gemma Froggatt
Singer Capital Markets (Nominated Adviser) Tel. 020 3205 7500
Jonathan Marren
This announcement is not for publication or distribution to persons in the United States of America, its territories or possessions or to any US person (within the meaning of Regulation S of the US Securities Act of 1933, as amended). Neither this announcement nor any copy of it may be taken or transmitted into Australia, Canada or Japan or to Canadian persons or to any securities analyst or other person in any of those jurisdictions. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian or Japanese securities law. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about and observe any such restrictions.
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of the Charlemagne Capital Group. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this announcement should be construed as a profit forecast.
This statement is aimed at providing information regarding the Assets under Management on which revenue is derived by Charlemagne Capital Limited. The unaudited data contained in this statement are currently provisional and all such data are subject to change. This statement is produced in order to provide greater disclosure to investors and potential investors and to ensure that they all receive equal access to the same information at the same time.
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