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BlueBay Asset Management Now Expects Full Year Pre-tax Profit To Be About ??50 Mln - Quick Facts

(RTTNews) - BlueBay Asset Management Plc (BBAY.L) issued its trading statement for the fourth fiscal quarter to 30 June 2010.

The group currently anticipate full year profit before tax to be approximately ??50 million, which compares to profit before tax of ??17.5 million for the year to 30 June.

At 30 June 2010, BlueBay's estimated assets under management amounted to US$34.3 billion, a 7.2% decrease since 31 March 2010, when the reported assets under management were US$37.0 billion and a 41.2% increase since 30 June 2009, when the reported assets under management were US$24.3 billion. Assets under management expressed in Euros increased by 2.5% over the same quarter.