Credit Suisse AM assets dive

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GLOBAL - Credit Suisse Group had a record net income of CHF7.2bn (US$6.2bn) for the first nine months of 2007, however, its asset management division suffered a sharp decline of assets under management (AuM).

According to its third quarter results, as of 30 September 2007, AuM totalled CHF714.1bn ($12.6bn), a decrease of 4.7% from 30 June 2007, the decline in AuM reflected market conditions and outflows...

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