Specialist emerging markets asset manager Ashmore Group has reported a revenue drop of 18% and average assets under management fell 22% for the year ending 30 June 2016, despite a "recovery" in markets and investor sentiment in the second half of its financial year.
Revenues declined to £232.5m for the period, which the group said was largely as a result of a 21% reduction in net management fees, profits before tax also sunk 8% to £167.5m and adjusted earnings before...
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