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Resignations deal heavy blow to Aktia's EM funds in Q1

The resignations of five members of Aktia's emerging markets team ended up dealing a heavy blow to net subscriptions within the asset class, which amounted to EUR -304m in the first quarter.

Photo: Aktia PR.

AUM at the asset management arm of Finnish banking group Aktia amounted to EUR 10.37bn at the end of first quarter, down by approximately 68m from the year-end AUM of EUR 10.44bn.

The resignations of five members of Aktia's emerging markets team dealt a heavy blow to net subscriptions, which had a EUR -304m result for the first quarter of this year.

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