
Julius Baer AM & GAM AuM at €137bn

SWITZERLAND - The asset management division of Julius Baer saw its total assets under management (AuM) increase 22% over 2006, rising to CHF223bn (€137bn).
The asset management firm saw new money inflows of CHF21bn (representing a growth of 11%), while market performance brought in CHF23bn (although CHF3bn was lost to negative currency impact).
The asset management division is divided into Julius Baer Asset Management (Julius Baer AM) Europe and US, and GAM, Global Asset Management, which was bought from UBS in mid-2005.
Institutional clients account for 33% of Julius Baer AM’s AuM and 16% of GAM’s AuM.
In January of this year, the management buy out of Julius Baer’s London-based fixed income boutique, JB Investment (JB IL), was announced. The firm has been re-branded as Augustus Asset Managers.
Latest stories
PRI toughens up climate risk reporting for UK schemes
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT launches education pension scheme as teachers face contribution rate hike
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension reveals plans to cut fees with move to banded structure
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Akash Rooprai appointed as ITM head of client management
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.