BlueBay announces $2.3 billion assets increase in Q4

BlueBay Asset Management says that it increased its assets under management by $2.3 billion between 31 March and 30 June this year, bringing the total to $13.1 billion. Of that increase BlueBay says $100 million is attributable to fund appreciation, with the rest net subscriptions.

According to a trading update filed today with the London Stock Exchange, BlueBay breaks the figures down to an $800 million increase across its long/short funds to $4.9 billion, a $1 billion increase in its long-only funds to $5.6 billion, and a $500 million increase in structured products to $2.6 billion. The firm says its blended performance for the full financial year on long/short products was 10.4% net of fees.

Long/short funds include a recently launched multi-strategy fund. There are also high yield, emerging markets and investment grade credit long/short funds.

BlueBay notes that during the March-June quarter it launched a new structured fund, the BlueBay Emerging Market Opportunity Fund, which had $71 million under management as of 30 June.