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Bellevue Flags Bump in First-Half Profits


Bellevue s offices in Kuesnacht, outside of Zurich
Wednesday, 19 May 2021 09:39
Bellevue Flags Bump in First-Half Profits
The Zurich-based asset manager is on track for a healthy first half, after a boom in healthcare investments and a surge in fresh money.
Bellevue Group is expecting profit in the first half to rise to more than 20 million Swiss francs ($22 million), it said in a statement on Monday. The investment boutique said it had seen a «material» rise in assets under management of nearly ten percent during the period. Full results are due on July 29.
The move follows last year s sale of its banking operations to Quintet, a Qatari-controlled wealth manager based in Luxembourg. This left Bellevue to focus on its money management business, where it expanded with the acquisition of a private market boutique two years ago. ....

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