Italy’s Azimut reaches €18.2bn AUM in February

Italy’s asset manager Azimut posted €431m inflows in February, with €573m inflows reported since the beginning of the year.

Assets managed by the group reached €18.2bn at the end of the month, with more than €20bn assets under administration.

“The very good February performance was driven by a strong effort by our distribution network, as well as hires announced over the last months. We remain cautious over future months, but we are confident that we will be able to reach out targets. Azimut represents a good example of success among the industry,” said Pietro Giuliani (pictured), chairman and chief executive at the firm.

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