Premier Asset Management (PAM) enjoyed its 20th consecutive quarter of net inflows during the first three months of the year at £175m. That was equivalent to net organic growth of around 15 per cent during the past 12 months and helped boost overall assets under management to £6.4bn.
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That rise in assets for the multi-asset and equity fund manager came despite choppier equity markets during the period. In fact, investment losses were £256m during the first quarter and £134m over a six-month period. Nevertheless, Numis analysts upgraded their earnings per share forecast for this year marginally to 14.5p.