Bellevue | Küsnacht, 29.07.2016.
Group operating results down 32% to CHF 6.8 mn
Increase in assets under management of 30% to CHF 6.9 bn
Broad-based inflows of CHF 126 mn in net new assets
Asset Management broadens its operating activities with the acquisition of StarCapital AG
Further earnings erosion at Bank am Bellevue
The poor start into the new investment year due to slower growth momentum in China and the oil price development cast a shadow over the investment horizon right from the outset. Additional negative factors were the sluggish pace of global economic growth and the tensions arising from geopolitics in Russia and the Middle East.