Staff
AGF Management Limited noted that it lost a unnamed institutional client when it recently reported its assets under management.
“AGF also reported a $2.6 billion redemption from a single legacy client during November,” it said in a statement. “This longtime client was invested in two global oriented strategies.”
Assets under management for AGF’s institutional, sub-advisory and high net worth clients fell to $14.8 billion at the end of November, down from $17.3 billion in the previous month and down from $19.1 billion in the year-ago period.
The company’s assets under management for its retail clients were unchanged at $19.6 billion from the previous month, but down from $20.1 billion in November 2012.