July 21, 2020 / 6:29 AM / 19 days ago

ICG assets under management notch modest on-quarter rise

July 21 (Reuters) - British asset manager Intermediate Capital Group on Tuesday reported a modest on-quarter rise in assets under management (AUM) as clients stood firm in the face of the impact of the pandemic on their investments.

Total AUM increased 1% to 45.6 billion euros ($52.20 billion) in the three months ended June 30, with third-party fee earning AUM 1.4% higher at 36.4 billion euros over the same period.

$1 = 0.8736 euros Reporting by Aby Jose Koilparambil and Muvija M in Bengaluru, Editing by Sherry Jacob-Phillips

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