CCAP.L Regulatory News (CCAP)

9 Apr 2008 07:00

Charlemagne Capital Limited09 April 2008 9 April 2008 Charlemagne Capital Announces Unaudited Assets under Management for the Three Months ended 31 March 2008 Charlemagne Capital Limited ("Charlemagne" or the "Group") sets out below theAssets under Management ("AuM") for the first quarter of its current financialyear. Group AuM • Group AuM total down 14.9% since 1 January 2008 to US$5.5 billion as at 31 March 2008(i) • Group AuM total up 6.4% since 31 March 2007 (US$5.2 billion) The table below sets out the Group's AuM as at 31 March 2008 and the movementsexperienced in each product range in the period since 1 January 2008. 1 January 2008 Net Subscriptions Reorganisation(ii) Net Performance 31 March 2008 Movement In AuM (US$m) (US$m) (%) (US$m) (%) (US$m) (%) AuM (US$m) Period (%)________________________________________________________________________________________________________________Magna 1,650 (56) (3.4) - - (292) (18.0) 1,302 (21.1)OCCO 473 (47) (9.9) - - (3) (0.7) 423 (10.6)InstitutionalAdvisory 2,663 (96) (3.6) - - (382) (14.6) 2,185 (17.9)InstitutionalMandates 1,149 249 21.7 - - (201) (15.8) 1,197 4.2Specialist 563 (2) (0.4) (88) (15.6) (52) (10.0) 421 (25.2)________________________________________________________________________________________________________________Total 6,498 48 0.7 (88) (1.4) (930) (14.4) 5,528 (14.9)________________________________________________________________________________________________________________ First Quarter Highlights included: •Three new institutional mandates won, totaling US$187 million; •US$62 million in follow-on subscriptions received from existing institutional mandates; •Scheduled initial return of capital of US$88 million to shareholders of European Convergence Property Company plc ("ECPC"). Notes: (i) Closing AuM for the period includes all subscription and redemption ordersreceived on or before the end of the quarter but not processed until the firstdealing day of the following period for the funds concerned. (ii) "Reorganisation" refers to the initial capital return of US$88 million toshareholders of ECPC referred to above. Enquiries: Charlemagne Capital Tel. 020 7518 2100Jayne Sutcliffe, Chief ExecutiveDavid Curl, Finance Director & Head of Investment Smithfield Consultants Tel. 020 7360 4900John KielyGeorge HudsonTom Hardman This announcement is not for publication or distribution to persons in theUnited States of America, its territories or possessions or to any US person(within the meaning of Regulation S of the US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, asamended). Neither this announcement nor any copy of it may be taken ortransmitted into Australia, Canada or Japan or to Canadian persons or to anysecurities analyst or other person in any of those jurisdictions. Any failure tocomply with this restriction may constitute a violation of United States,Australian, Canadian or Japanese securities law. The distribution of thisannouncement in other jurisdictions may be restricted by law and persons intowhose possession this announcement comes should inform themselves about andobserve any such restrictions. This announcement contains certain forward-looking statements with respect tothe financial condition, results of operations and businesses of the CharlemagneCapital Group. These statements and forecasts involve risk and uncertaintybecause they relate to events and depend upon circumstances that will occur inthe future. There are a number of factors that could cause actual results ordevelopments to differ materially from those expressed or implied by theseforward-looking statements and forecasts. Nothing in this announcement should beconstrued as a profit forecast. This statement is aimed at providing information regarding the Assets underManagement on which revenue is derived by Charlemagne Capital Limited. Theunaudited data contained in this statement are currently provisional and allsuch data are subject to change. This statement is produced in order to providegreater disclosure to investors and potential investors and to ensure that theyall receive equal access to the same information at the same time. This information is provided by RNS The company news service from the London Stock Exchange