Credit Suisse asset management (CSAM) saw pre-tax income fall 37% to CHF133m in Q2, compared to the same period last year, despite realising gains from the partial sale of its stake in Aberdeen Asset Management.
The department also saw CHF400m of inflows into alternative investments in emerging markets partially offset by outflows in traditional investments, according to an trading update released today.
Source: Portfolio Adviser. Read full article here.
