Italy’s independent asset manager Azimut Holding posted € 115m net inflows in December 2014, the company has revealed.
Total net inflows in the full year reached €5.6bn, while total AUM stood at € 26.7bn, Azimut also said.
Including assets under administration, which reached €30bn, +25% since the beginning of the year.
The recruitment of new financial advisers in 2014 remained positive with 128 new additions totalling, at the end of December 2014, 1524 units.
Pietro Giuliani (pictured), Azimut’s chairman and CEO, commented: “December figures close an extraordinary year for Azimut, obtaining the best result ever in terms of net inflows and assets growth (+25% since the beginning of the year).
“These numbers confirm the capability of the Group, both on the production and distribution side, to intercept and satisfy the various investment needs of clients, who have benefited from a weighted average performance of 4.8%.