Natixis sees €2 billion of revenue from positive inflows

Profit meterNatixis Global Asset Management saw a net €30 billion flow into its funds in the year to September 30 and says diversification of products and geographies helped it. In Q3 alone, the firm received €1 billion in net new money. Almost half of the flows (€14.2 billion) were into funds managed by Boston-based Loomis Sayles, which is owned by Natixis. Net revenues grew by 27% in Q3, totaling €663 million and brought year-to-date revenues to almost €2 billion. The firm’s assets under management were €776 billion as at September 30, compared to €812 billion at June 30. The firm’s financial statement attributes the decline in assets to foreign exchange, market effects and also to the divestment of its US money-market business. “Despite difficult conditions during the summer, our core businesses increased revenues and profitability in line with our strategic plan, thanks to the efforts of our various teams and strong commercial momentum,” says Laurent Mignon, Natixis’s chief executive officer. ©2015 funds europe

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