OREANDA-NEWS. October 12, 2015. First quarter trading update. City of London issued a trading statement this morning about their first quarter performance. Funds under management were \\$3.6bn as of the end of September.

This is down on the \\$4.2bn as of the end of June, but slightly ahead of the last figure given with the annual results of \\$3.5bn. Profitability in the first quarter was ?1.2m after tax.

As well as weak markets weighing on fees, they have had an adverse effect on the company's seed investment holdings, which has led to an unrealised loss of 0.2m.

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