Shares in BlueBay Asset Management, a UK-listed fixed income specialist, jumped over 10% today as the firm reported a 12% rise in assets under management in the three months to June, but analysts said they were sceptical on the sustainability of flows.
According to BlueBay, it managed assets worth $21bn (â¬13bn) at the end of June, compared with $18.7bn at the end of March. The $2.3bn increase was made up of net subscriptions worth $2.7bn and investment losses of $400m.
