Ashmore's assets under management slide to $59 billion; profit, revenue up

September 8, 2015 6:14 AM

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LONDON, Sept 8 Ashmore Group reported a rise in profit and revenue even as its assets under management (AuM) fell to $58.9 billion at the end of June, from $75 billion a year ago.

The emerging markets focused money manager said on Tuesday profit before tax rose 6 percent during the year to 181.3 million pounds ($278.37 million) while net revenues increased 8 percent to 283.3 million pounds.

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